Commonwealth Unity Fund, a super PAC funded primarily by the co-founders of Yahoo! Labs
The Fund is supporting Republican Senate candidate John Deaton.
Deaton's election, spending more than $600,000.
According to records filed with the Federal Election Commission (FEC) on the 6th, the Commonwealth is running against incumbent Democratic Rep. Elizabeth Wilson in the Massachusetts Senate race.
Spent approximately $330,000 on media buys against Elizabeth Warren. The super PAC distributed media in support of Deaton.
The media buy marks one of the crypto-backed super PAC's first major expenditures since Ditton was named the Republican Senate nominee on Tuesday.
Backed by crypto industry leaders including the Winklevoss brothers and Kraken co-founder Jesse Powell, the company has been in business since 2013 in Massachusetts.
Deaton is running to replace Senator Warren, who is currently serving as a senator. Deaton has supported Ripple and other cryptocurrency companies facing lawsuits from the U.S. Securities and Exchange Commission (SEC).
During the campaign, she criticized the SEC, and particularly Senator Warren, for exercising too much power over digital assets.
Massachusetts Senator Warren openly criticized cryptocurrencies during congressional hearings
She has also accused the president of colluding with the Democratic Party and accusing them of being involved in illegal activities such as money laundering and drug trafficking. However, in this year's election, many Democrats have opposed Warren's stance and are voicing their support for the presidency.
The Commonwealth is endorsing Democratic presidential candidate and vice presidential candidate Kamala Harris, according to FEC records.
She has raised more than $358.5 million in donations, and individual donors have contributed about $1.8 million directly to Ditton's campaign as of August 14. Warren has
He has raised more than $18 million for his reelection bid since 2019.
2024/09/10 16:18 KST
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