{"id":27219,"date":"2024-08-20T22:00:39","date_gmt":"2024-08-20T19:00:39","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27219"},"modified":"2024-08-20T17:30:14","modified_gmt":"2024-08-20T14:30:14","slug":"conway-withdraws-support-from-crypto-pac-over-12m","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/conway-withdraws-support-from-crypto-pac-over-12m\/","title":{"rendered":"Conway Withdraws Support from Crypto PAC Over $12M"},"content":{"rendered":"

After the group promised to use $12 million to remove Sen. Sherrod Brown (D-Ohio) from his seat without informing him, top Democratic donor Ron Conway<\/strong> is allegedly withdrawing from the significant cryptocurrency super political action committee (PAC).<\/p>\n

The digital venture capitalist gave Fairshake $500,000 in December; as of June, the company has created funds of almost $203 million for the 2023\u20132024 timeframe.<\/p>\n

Conway<\/strong> objected to the Fairshake’s choice to other contributors by email issued Wednesday, stating that the guarantee made by the group would contradict Democratic Party initiatives to get crypto-friendly legislation passed in Congress.<\/p>\n

Conway<\/strong> wrote in the email, “$12 million to Brown’s opponent at a time when Sen. Schumer is doing his best to get a bill passed in the Senate in the lame duck,”<\/em> as Politico<\/a> reports. Conway<\/strong> compared the relocation to a “slap in the face” for Senate Majority Leader Chuck Schumer.<\/p>\n

At this week’s Crypto4 Harris town hall meeting, Schumer stated he plans to pass crypto regulatory legislation by the end of this year in order to strike a balance between innovation and sensible rules.<\/p>\n

While the Republican platform promised to “end Democrats’ unlawful and unAmerican crypto crackdown<\/em>” and “defend the right to mine Bitcoin<\/em>,” the Democratic Party’s just-released party program omitted cryptocurrencies.<\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After the group promised to use $12 million to remove Sen. Sherrod Brown (D-Ohio) from his seat without informing him, top Democratic donor Ron Conway is allegedly withdrawing from the significant cryptocurrency super political action committee (PAC). The digital venture capitalist gave Fairshake $500,000 in December; as of June, the company has created funds of<\/p>\n","protected":false},"author":6,"featured_media":27220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7546,8028],"class_list":["post-27219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-democrats","tag-ron-conway"],"yoast_head":"\nConway Withdraws Support from Crypto PAC Over $12M - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/conway-withdraws-support-from-crypto-pac-over-12m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conway Withdraws Support from Crypto PAC Over $12M - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After the group promised to use $12 million to remove Sen. Sherrod Brown (D-Ohio) from his seat without informing him, top Democratic donor Ron Conway is allegedly withdrawing from the significant cryptocurrency super political action committee (PAC). 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