In a bold strike against what he calls “astroturfed chaos,” Senator Ted Cruz (R-TX) has reignited his push for the Stop Financial Underwriting of Nefarious Demonstrations and Extremist Riots (Stop FUNDERs) Act, directly targeting billionaire philanthropist George Soros and his network for allegedly bankrolling a wave of anti-Trump protests sweeping the nation. The legislation, first introduced in July but gaining fresh urgency amid the explosive “No Kings” rallies, would amend the Racketeer Influenced and Corrupt Organizations (RICO) Act to classify funding violent or coordinated riots as a predicate offense—potentially unleashing a torrent of federal prosecutions, asset seizures, and overnight account freezes on implicated donors and organizations.
Cruz, fresh off a fiery Fox News appearance where he laid out the “receipts” on Soros’ involvement, declared on X: “There’s considerable evidence that George Soros and his network are funding the ‘No Kings’ rallies. That’s exactly why I’ve introduced the Stop FUNDERs Act. It lets law enforcement prosecute those funding acts of political violence.” The senator’s podcast, Verdict with Ted Cruz, dedicated an episode to tracing the money trail, revealing that Soros’ Open Society Foundations funneled over $7.6 million to Indivisible—the grassroots group coordinating the “No Kings” events—since 2017, including a $3 million grant in 2023 for “social welfare activities.” Public IRS filings confirm the ties, with Indivisible managing participant data and logistics for protests expected to draw millions across 2,500 locations this weekend, from the National Mall to city streets nationwide.
The Stop FUNDERs Act would supercharge the DOJ’s arsenal, adding “rioting” under the federal Anti-Riot Act to RICO’s list of racketeering crimes. This means prosecutors could pursue joint liability against funders, hit them with conspiracy charges, and seize assets mid-operation—turning checkbooks into crime scenes. Co-sponsors like Sen. John Cornyn (R-TX) hailed it as a bulwark against “radical left-wing groups who fund acts of violence, coordinate attacks against law enforcement, and spearhead the destruction of property.” Heritage Action’s Steve Chartan echoed the sentiment: “This bill targets those inciting violent riots nationwide, ensuring First Amendment rights for peaceful protest while cracking down on the paymasters of anarchy.”
Soros, the Hungarian-born financier whose foundations have donated over $32 billion to progressive causes globally, has long been a lightning rod for conservative ire. Critics, including President Trump, have accused him of underwriting everything from campus antisemitic unrest to anti-ICE demonstrations and now the “No Kings” pushback against Trump’s second-term agenda. “Follow the money. Cut off the money,” Cruz urged on Hannity, warning that without intervention, these “fake” rallies could spiral into riots mirroring the 2020 summer of unrest. FBI Director Kash Patel, during a recent Senate hearing, voiced support for the bill, affirming it would equip agents to dismantle funding networks fueling political violence.
The timing couldn’t be more charged. As “No Kings” organizers—branded by Cruz as “Soros operatives”—ramp up for Saturday’s nationwide showdown, reports of heightened security at protest sites underscore the stakes. Conservative outlets like Fox News and Townhall have amplified the narrative, citing Capital Research Center analyses that, while finding no direct evidence of Soros knowingly backing illegal acts, highlight the indirect flow of funds to activist hubs. On X, #StopFUNDERs is trending, with users sharing clips of Cruz’s takedown and memes dubbing Soros the “puppet master of mayhem.”
Democrats, predictably, are crying foul. Senate Minority Leader Chuck Schumer, a “No Kings” participant, slammed the bill as “McCarthyite overreach” designed to “chill free speech.” The ACLU warned it “dangerously lowers the bar for government investigations into peaceful demonstrations,” potentially ensnaring everyday donors in sprawling probes. Open Society Foundations fired back: “Neither George Soros nor the Open Society Foundations fund protests, condone violence, or foment it in any way. Claims to the contrary are false.” Progressive voices on X decry it as a “fascist fantasy,” pointing to the bill’s acronym—implying even “nefarious” nonviolent demos could fall under scrutiny.
Yet, with Republicans holding the Senate and a sympathetic DOJ under Attorney General Pam Bondi, passage seems plausible. Trump has floated similar RICO threats against “left-wing groups,” and insiders whisper of IRS audits targeting Soros-linked entities. If enacted, the bill could ripple far beyond protests: freezing accounts tied to election interference claims or border chaos funding. As one GOP strategist put it, “This isn’t just about Soros—it’s about sovereignty. No foreign billionaire gets to buy America’s streets.”
Cruz’s gambit taps into a deep well of public frustration. Polls show 58% of Americans believe big-money influence corrupts activism, per a recent Rasmussen survey. From Texas to the heartland, constituents are rallying behind the senator’s battle cry: Drain the funders’ swamp. Whether this freezes Soros’ empire overnight or sparks a First Amendment firestorm, one thing’s clear—Ted Cruz has thrown down the gauntlet, and the echoes are shaking Pennsylvania Avenue.
