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Top Democratic Donor Leaves Crypto Super PAC

cryptovert August 20, 2024 1 min read

A
Democratic
mega-donor
is
leaving
a
top
crypto
Super
PAC
over
the
group’s
plan
to
defeat
a
Democratic
Senator.

Ron
Conway
told
other
donors
in
an
email
that
he
disagreed
with

Fairshake
,
the
best-funded
crypto
Super
PAC,
spending
$12
million
to
unseat
Senator
Sherrod
Brown
(D-Ohio)
in
November.
The
email
was
first
reported
by

Politico
.

Conway,
a
venture
capitalist,
donated
$500,000
to
Fairshake
in
December
along
with
a

who’s
who

of
other
elite
tech
figures.

He
said
going
after
Brown
would
undermine
efforts
by
Senate
Majority
Leader
Chuck
Schumer,
a
Democrat,
to
pass
crypto
legislation
in
Congress
by
the
end
of
the
year.
“$12M
to
Brown’s
opponent
when
Sen
Schumer
is
doing
his
best
to
get
a
bill
passed
in
the
lame
duck
…
You
all
know
that
is
[a]
‘slap
in
the
face’
to
Sen
Schumer,”
the
email
reads,
according
to
Politico.

Last
week,
Senator
Schumer
announced
that
he
aimed
to
pass

bipartisan
Senate
crypto
legislation

by
the
end
of
the
year.



Note:
The
views
expressed
in
this
column
are
those
of
the
author
and
do
not
necessarily
reflect
those
of
CoinDesk,
Inc.
or
its
owners
and
affiliates.

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