The Commonwealth Unity Fund, a political action committee funded largely by Gemini and the co-founders of Ripple Labs, has invested more than $600,000 in support of Republican Senate candidate John Deaton.
According to Federal Election Commission (FEC) records, the super PAC spent about $330,000 on media purchases against incumbent Democratic Sen. Elizabeth Warren, while spending the same amount in support of Deaton.
It is reported that Deaton, a lawyer who supports crypto companies such as Ripple, criticized the SEC and Senator Warren for over-interfering in digital assets. FEC records show that Commonwealth has raised over $2.50 million to support Deaton, while Warren has raised over $18 million for re-election since 2019. Other crypto-backed PACs such as Fairshake have also invested heavily in congressional elections.
A PAC funded by Gemini and Ripple Labs is investing $600,000 in Republican Senate candidate Deaton
2024-09-09 15:57:21
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