Ron Conway disagrees with spending $12 million to defeat Democratic Senator Sherrod Brown, Politico reported.
Ron Conway, a top Democratic donor, is leaving a crypto Super PAC over the group's plan to use $12 million to defeat Democratic Senator Sherrod Brown in the upcoming election.
Conway voiced his disagreement with the decision in an email to other donors, arguing that the move would hinder efforts by Senate Majority Leader Chuck Schumer to pass crypto legislation in Congress by the end of the year, according to Politico, which first reported the email.
“$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.
Conway, a venture capitalist, joined forces with other prominent tech figures to donate $500,000 to Fairshake, the best-funded crypto Super PAC, in December.
However, he now maintains that the group's strategy is counterproductive to the broader goal of advancing crypto legislation. Last week, Schumer announced his aim to pass bipartisan Senate crypto legislation by the end of the year.
Top Democratic Donor Leaves Crypto Super PAC Over Planned Spending on Brown RaceRon Conway, a top Democratic donor, is leaving a crypto Super PAC over the group's plan to use $12 million to defeat Democratic Senator Sherrod Brown in the upcoming election.
Conway voiced his disagreement with the decision in an email to other donors, arguing that the move would hinder efforts by Senate Majority Leader Chuck Schumer to pass crypto legislation in Congress by the end of the year, according to Politico, which first reported the email.
“$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.
Conway, a venture capitalist, joined forces with other prominent tech figures to donate $500,000 to Fairshake, the best-funded crypto Super PAC, in December.
However, he now maintains that the group's strategy is counterproductive to the broader goal of advancing crypto legislation. Last week, Schumer announced his aim 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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Ben Schiller is CoinDesk's managing editor for features and opinion. Previously, he was editor-in-chief at BREAKER Magazine and a staff writer at Fast Company. He holds some ETH, BTC and LINK.
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