Crypto companies are spending $800,000 a day to take out Sherrod Brown, one of their chief critics in Congress, and replace him with an ally.
could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to 25 years in prison after disappearing $11 billion of other people’s money. The following month, Sen. Elizabeth Warren sent letters to three crypto industry giants, the Blockchain Association, Coin Center, and Coinbase, criticizing them for undermining efforts to rein in crypto’s use in terrorist financing., the current chairman of the Senate Banking Committee.
Coinbase and its affiliates have donated $86 million. The founders of the venture capital firm Andreessen Horowitz have together given $44 million. Ripple has contributed $25 million. (The Winklevoss Twins, who donated nearly $5 million to Fairshake,Most of the money raised by Defend American Jobs has come through Fairshake. Coinbase, Ripple Labs, and the founders of Andreessen Horowitz have donated separately, too.
“If you watched the Super Bowl on Sunday, you saw ad after ad for a product that most Americans have heard of, but almost nobody knows what it really Is,” Brown said. “Big crypto companies are looking to make big profits. They are desperate to reach as many Americans as they can. They brought in celebrities and gimmicks to make crypto sound exciting and daring and profitable, but the ads left a few things out. They didn’t mention the fraud, the scams, and the outright theft.
So maybe it shouldn’t come as a surprise that Fairshake’s affiliate has gone all in against Brown, especially since his opponent Moreno is aFrom Sept. 4-9, Defend American Jobs spent $6.7 million on television in support of Moreno, more than the Brown campaign and other pro-Brown groups spent combined, and more than the Moreno campaign and other affiliated groups as well.
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