Billionaire venture capitalist Ron Conway is said to be cut off ties with a crypto super PAC called Fair after the group announced it would support the Republican candidate for election. Senator Sherrod Brown (D-Ohio), according to a Politics report.
Brown is the longtime chairman of the Senate Banking Committee and has raise concerns About Cryptocurrency in the past, especially after the catastrophic $30 billion collapse of cryptocurrency exchange FTX 2022Last week, a network of cryptocurrency-funded super PACs announced that they would spend $12 million to support Brown’s opponent, Republican Bernie Morenocrypto-friendly people. According to PoliticsConway was reportedly furious when he discovered the financial support for Moreno and wrote in an email reported by the news agency that he planned to discuss the Democratic Party. views of legislators about digital assets with Sen. Chuck Schumer (D.-NY) when he learned.
“You all know it was a ‘slap in the face’ to Senator Schumer and a ‘slap in the face’ to me when you found out I was meeting him in SF tomorrow. How short-sighted and stupid can you be?” Conway wrote, according to the report. He also complained in no uncertain terms about being taken by surprise by the news.
“NO ONE CARES TO TELL ME WHAT YOU’RE DOING [sic] THIS,” Conway wrote. Conway said he ended his association with the group over a lack of shared values.
Conway is a major Democratic donor who has confirmed Democratic presidential candidate and Vice President Kamala Harris is one of about 100 venture capitalists and founders who have joined VCs for Kamala. Conway has donated about $500,000 to two different Harris-affiliated funds, with his latest $25,000 pledge in late June. Once known as “Godfather of Silicon Valley,” Conway is managing partner and founder of Angel SVand his company have been involved in the success of Airbnb, Facebook, GoogleAnd TwitterHe also invested in at least 10 crypto companiesinclude Cryptocurrency and Uniswap.
Fairshake’s backers include prominent crypto investors and other players, including Coinbase, Ripple, venture capital firm a16z and Union Square Ventures. As of last month, the super Pac’s balance was $161 million.
