A tech billionaire and Democratic donor is reportedly withdrawing his support from a network of crypto super political action committees (PACs), accusing the organizations of trying to topple a sitting senator without informing him.
Ron Conway, a San Francisco-based angel investor, has condemned crypto super PAC Fairshake and its affiliates for announcing that they plan to spend $12 million to unseat Sen. Sherrod Brown (D-Ohio), a vocal crypto critic. to dethrone, according to a new report from Politics.
Conway reportedly donated $500,000 to a crypto super PAC last year, but now plans to stop supporting the network.
Politico reportedly reviewed an email Conway sent to other affiliated donors last week.
Conway said in the email:
“$12 million worth [Sherrod] Brown’s opponent at a time when Senator Schumer is doing his best to get a bill in the lame duck in the Senate. You all know this is a ‘slap in the face’ for Senator Schumer and a ‘slap in the face’ for me knowing I’m meeting him in SF tomorrow. How short-sighted and stupid can you be?”
Conway wrote a letter to Fairshake allies, accusing them of failing to inform him of their political intentions.
“I am the one using my 25+ year personal relationships to help this movement the most and no one has bothered to inform me. Unfortunately, I am even a Fairshake donor…
Because of your selfish hidden agendas, it’s time for us to part ways. This is a wake-up call to myself that I’ve spent too long working with people who do [do] do not share common values and that is unacceptable. …I will I [sic] no longer endangering myself by associating or helping…
There is an ‘elephant in the room’. We have two factions: a moderate faction and a Donald Trump faction (Brian and Marc).”
Conway is probably referring to Coinbase CEO Brian Armstrong and Marc Andreessen, the co-founder of venture capital giant Andreessen Horowitz (a16z).
Coinbase and Andreessen Horowitz each donated $25 million to Fairshake earlier this year.
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