Crypto Super PAC pours $660K into Senate race as US election closes in
With 57 days until the US election, expenditures from Super PACs seem to be heating up in Massachusetts and nationwide.
The Commonwealth Unity Fund, a political action committee (PAC) primarily funded by contributions from the co-founders of Gemini and Ripple Labs, has spent more than $600,000 toward the election of Republican candidate John Deaton in the United States Senate.
According to Federal Election Commission (FEC) records filed on Sept. 6, Commonwealth spent roughly $330,000 on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts US Senate race. The Super PAC also spent the same amount on a media placement supporting Deaton.
The media buy marked one of the first significant expenditures from a crypto-backed Super PAC since Deaton won the Republican nomination for the US Senate race on Sept. 3. Backed by crypto industry leaders including the Winklevoss twins and Kraken co-founder Jesse Powell, the Republican candidate seeks to unseat Sen. Warren, who has served as Massachusetts’ Democratic Senator since 2013.
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Author: Turner Wright
