Rand Paul Allies Launch Third Super PAC

There are now three — count them, three — super PACs supporting Kentucky Senator Rand Paul’s 2016 presidential bid.
According to FEC filings on Monday, the third super PAC, PurplePAC, is being run by Cato Institute co-founder and president emeritus Ed Crane and aims to focus on digital media.
PurplePAC raised roughly $1.2 million from four donations in the last month — including from Jeff Yass, a Philadelphia options trader who gave $1 million to the new super PAC (he also gave the same amount to America’s Liberty, another pro-Paul super PAC).