CoinVoice has recently learned that according to Cointelegraph, the Commonwealth Unity Fund, a political action committee mainly funded by the co-founders of Gemini and Ripple Labs, has invested more than $600,000 in supporting Republican Senate candidate John Deaton.
The super PAC spent about $330,000 on media buys against incumbent Democratic Sen. Elizabeth Warren, while spending the same amount in support of Deaton, according to Federal Election Commission (FEC) records.
It is reported that Deaton is a lawyer who supports crypto companies such as Ripple and criticized the SEC and Senator Warren for excessive intervention in digital assets. FEC records show that Commonwealth has raised more than $2.5 million to support Deaton, while Warren has raised more than $18 million for re-election since 2019. Other crypto-supported PACs such as Fairshake have also invested heavily in congressional elections. [Original link]
