For subscribersPublished Aug. 5, 2026at6:00pm
Tech billionaire Chris Larsen can’t donate more than $500 to the November reelection campaign of Supervisor Matt Dorsey, who is running unopposed. And he can’t give Dorsey a gift of more than $630 because of local ethics laws.
But there is another way to write a big check, and on June 24, Larsen found it.
The crypto executive and political power broker deposited $25,000 into Dorsey’s local Democratic County Central Committee officeholder account, an obscure campaign vehicle that allows for unlimited donations to support officials’ activities on the party board — and one that ethics experts warn can function as (opens in new tab) a slush fund. The 24 elected members on the committee hand out all-important endorsements for local races and measures and serve as a proxy for the direction San Francisco’s political leadership takes on issues.
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