According to CoinDesk, a prominent Democratic donor is withdrawing from a leading crypto Super PAC due to its strategy to unseat a Democratic Senator. Ron Conway, a venture capitalist, informed other donors via email that he opposed Fairshake's decision to allocate $12 million to defeat Senator Sherrod Brown (D-Ohio) in the upcoming November elections. This information was initially reported by Politico. Conway, who contributed $500,000 to Fairshake in December alongside other notable tech figures, expressed that targeting Brown would hinder Senate Majority Leader Chuck Schumer's efforts to pass crypto legislation by the year's end. In the email, Conway stated, “$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,” as reported by Politico.
Last week, Senator Schumer announced his intention to pass bipartisan Senate crypto legislation before the year concludes.