Crypto super PAC Fairshake just lost a billionaire Dem donor: Report

Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge.

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The crypto-aligned super political action committee (PAC) Fairshake has reportedly lost support from the billionaire top Democrat donor Ron Conway after it pledged to spend millions to unseat Democratic Ohio Senator Sherrod Brown.

Conway — a venture capitalist who donated $500,000 to Fairshake — said in an email to other donors that the PAC didn’t inform him it was spending $12 million to back Brown’s Republican challenger Bernie Moreno in this year’s elections, POLITICO reported on Aug. 19.

“$12M 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,” Conway wrote in the Aug. 14 email, referring to Senator Chuck Schumer.

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