A pro-crypto super PAC has announced its plan to spend a whopping $1.5 million opposing Rep. Al Green in the upcoming Democratic primary race in Texas. The group, called Protect Progress, is affiliated with the leading super PAC in the cryptocurrency industry, Fairshake.
The decision to target Green comes as a result of his voting record on cryptocurrency legislation, which has been less than favorable to the industry. In fact, the Texas Democrat has voted against two major crypto bills in the past, much to the disappointment of the pro-crypto community.
Protect Progress has made it clear that they are not willing to sit back and watch as their industry faces resistance from lawmakers like Green. They strongly believe that cryptocurrency has the potential to revolutionize the financial world and create opportunities for economic growth and innovation. Thus, they are determined to do whatever it takes to ensure that their voices are heard and their interests are protected.
Fairshake, the parent organization of Protect Progress, is a leading super PAC in the crypto industry that has been working tirelessly to advocate for pro-crypto policies and candidates. With their deep pockets and strong influence, they have successfully supported and funded a number of pro-crypto lawmakers in various races across the country.
But their latest campaign against Green is a bold move that has caught the attention of many in the political and cryptocurrency spheres. By pouring in a significant amount of money, the super PAC is making it clear that they are serious about their mission to shape the political landscape in favor of the cryptocurrency industry.
So, what exactly is at stake for the crypto industry in this primary race? According to Protect Progress, Green’s voting record on crypto legislation is a major concern. In 2018, he voted against a bill that aimed to exempt certain cryptocurrencies from being classified as securities, a move that was heavily criticized by the industry. In 2019, he once again voted against a bill that would have established a working group to study the potential benefits and challenges of blockchain technology.
The pro-crypto community believes that Green’s stance on these bills shows a lack of understanding and appreciation for the potential of cryptocurrency and blockchain technology. They argue that by opposing these bills, he is hindering the growth and progress of the industry, which could have a negative impact on the economy and job creation.
Protect Progress has accused Green of being influenced by traditional financial institutions who see the rise of cryptocurrency as a threat to their business. They argue that these institutions have a strong hold on Green and are influencing his decision-making in regards to crypto legislation.
In a statement, Fairshake founder and CEO, Mark Binns, said, “We are deeply disappointed in Rep. Green’s actions and lack of support for the cryptocurrency industry. It is clear that he is not representing the interests of his constituents and is instead being influenced by special interests.”
Fairshake and Protect Progress have made it clear that they will not back down until they see a change in Green’s stance on cryptocurrency legislation. With their significant financial backing, they are confident that they will be able to make a strong impact in the upcoming primary race.
However, Green’s camp remains unfazed by this development. In response to the campaign against him, a spokesperson for Green stated, “Rep. Green has always prioritized the needs and concerns of his constituents and will continue to do so. He will not be swayed by outside groups with their own agendas.”
The primary race between Green and his opponent is likely to be a fierce one, with the issue of cryptocurrency legislation taking center stage. It has now become a battleground for the pro and anti-crypto camps, and the outcome of this race could have significant implications for the industry.
Protect Progress and Fairshake are determined to see their efforts pay off and ensure that lawmakers like Green are held accountable for their actions. They believe that the future of cryptocurrency depends on it and are urging voters to carefully consider the candidates’ stances on the issue before casting their ballots.
In the end, it remains to be seen whether Protect Progress’s campaign against Green will be successful or not. But one thing is for sure, the cryptocurrency industry is not backing down and will continue to fight for its place in the political arena.
