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Politicians Flock to Nantucket and Mar-a-Lago for Big-Dollar Fundraisers

Senator Ruben Gallego's fundraiser included Wall Street and crypto lobbyists, with his campaign benefiting from $10 million in industry PAC spending, reflecting his crypto legislation support.

Key Points: Political candidates raise large sums of cash in single events Nantucket Island in Massachusetts is a popular fundraising spot Arizona Governor Katie Hobbs raised $15 million in her 2022 campaign There’s a quote attributed to noted bank robber Willie Sutton, who was asked why he robbed banks. “Because that’s where the money is,” he replied. It’s not surprising that the same mantra exists for political candidates seeking to scoop u…

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Sludge broke the news in on Thursday, August 21, 2025.
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