Billionaire venture capital investor Ron Conway reportedly cut ties with a cryptocurrency super PAC called Fairshake after the group said it would support the Republican running against Sen. Sherrod Brown (D-Ohio), according to a Politico report.
Brown is the longtime chair of the Senate banking committee and has raised concerns about cryptocurrency in the past, particularly after the disastrous $30 billion collapse of crypto exchange FTX in 2022. Last week, a network of crypto-funded super PACs announced it would spend $12 million to support Brown’s challenger, Republican Bernie Moreno, who is crypto friendly. According to Politico’s report, Conway was incensed to discover the financial support to Moreno and wrote in an email reported by the outlet that he had plans to discuss Democratic lawmakers’ views on digital assets with Sen. Chuck Schumer (D.-N.Y.) when he learned.
