Crypto Super PAC spends $2M on attack ad targeting NY lawmaker
Democratic Representative Jamaal Bowman in New York’s 16th Congressional District has voted against three pro-crypto bills in the last 30 days.
The Fairshake group, a political action committee (PAC) backed by crypto firms including Ripple and Coinbase, has spent more than $2 million opposing the incumbent in the Democratic primary for New York’s 16th Congressional District.
According to United States Federal Election Commission data, Fairshake spent more than $2 million on a media campaign opposing Democratic Representative Jamaal Bowman’s reelection. As of June 16, outside interest groups had contributed roughly $9 million opposing Bowman, who is facing off against Democrat George Latimer in a June 25 primary.
The Fairshake attack ad, which does not specifically mention crypto or blockchain, claimed Rep. Bowman spent his career “pushing dangerous conspiracy theories.” In response to earlier opposition ads funded by a different Super PAC, high-profile Democratic lawmakers including Senator Bernie Sanders, Senator Elizabeth Warren and Alexandria Ocasio-Cortez backed Bowman’s reelection.
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Author: Turner Wright
