SV Angel founder objects to Fairshake spending $12 million to defeat Democratic Senator Sherrod Brown

According to Politico, Ron Conway told other donors in an email that he disagreed with Fairshake, the most well-funded cryptocurrency super PAC, spending $12 million in November to oppose Senator Sherrod Brown (D-Ohio)'s campaign. In December, Conway donated $500,000 to Fairshake. He is the managing partner and founder of SV Angel. The fund is an investor in at least 10 crypto companies, including Coinbase, Uniswap and OpenSea. He said Fairshake's move would undermine Senate Majority Leader Chuck Schumer's efforts to pass crypto legislation in Congress before the end of the year. The email read: "Senator Schumer is doing everything he can to get a bill passed in a lame duck term, but (Fairshake) spent $1,200 to support Brown's opponent... As you all know, this is a slap in the face to Senator Schumer." Last week, Senator Schumer announced that his goal is to pass bipartisan crypto legislation in the Senate by the end of the year. (CoinDesk) Previously, according to Fox Business reporter Eleanor Terrett’s disclosure on the X platform, the subsidiary committee of the cryptocurrency-supporting super PAC Fairshake announced the first round of support plans for Senate candidates, among which Defend American Jobs will reserve about $12 million in funds for Bernie Moreno’s campaign in Ohio to fight against the incumbent Senator Sherrod Brown. Protect Progress will reserve about $3 million each for Ruben Gallego and Elissa Slotkin’s Senate campaigns in Arizona and Michigan. At present, Fairshake has not announced whether it will directly support any Senate campaigns.