Billionaire investor Ron Conway reportedly cut ties With a super cryptocurrency commission called Versic After the group said it would support the Republican candidate against Senator Sherwood Brown (D-Ohio), according to Politico a report.
Brown is the longtime chairman of the Senate Banking Committee and has raised concerns about Cryptocurrency In the past, especially after the catastrophic $30 billion collapse of the cryptocurrency exchange FTX in 2022. Last week, a network of crypto-funded political action committees announced they would spend $12 million to support Brown’s rival, Republican Bernie Morenowhich is considered a friend of cryptocurrencies. According to PoliticoAccording to the newspaper report, Conway was angry when he discovered Moreno’s financial support and wrote in an email reported by the newspaper that he had plans to debate Democrats. Legislators’ opinions I spoke with Senator Chuck Schumer (D-NY) about digital assets when he learned about this.
“You all know this is a slap in the face to Senator Schumer and a slap in the face to me knowing that I will be meeting with him in San Francisco tomorrow. How shortsighted and stupid can you be?” Conway wrote, according to the report. He also complained vehemently about not being aware of the news.
“No one bothered to tell me you were doing this,” Conway wrote. Conway said he ended the group because of its lack of shared values.
Conway is a major donor to the Democratic Party who Approved Democratic presidential candidate and Vice President Kamala Harris is among about 100 investors and founders who have joined venture capital firms on behalf of Kamala. Conway has donated about $500,000 to two different funds tied to Harris, with his latest donation Pledge $25,000 In late June. Once called the “Godfather of Silicon Valley,” Conway is the managing partner and founder of SV AngelHis company has been involved in the successes of Airbnb, Facebook, Google, and Twitter. He has also invested in at least 10 crypto companies, including Coinbase and Uniswap.
Fairshake’s donors include prominent crypto investors and other players, including Coinbase, Ripple, venture firm a16z, and Union Square Ventures. As of last month, the super Pac had a balance of $161 million.