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Billionaire Pulls Support From Major Crypto PAC, Says It's Too 'Stupid' and 'Selfish'

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Ron Conway , a tech billionaire and prominent Democratic Party donor, says he will part ways with a network of pro-crypto Super PACs.

Conway says he was blindsided by a secret PAC-related effort to unseat Sherrod Brown , a prominent Democratic congressman who has spoken critical of the crypto industry.

The crypto industry has always spent a lot of money on politics, but is on track to break records this year .