A pro-crypto super PAC has announced its plan to spend a whopping $1.5 million to oppose Representative Al Green in the upcoming Democratic primary race. The organization, known as Protect Progress, is affiliated with the leading super PAC in the crypto industry, Fairshake. In a statement released on Thursday, the group cited Green’s voting record on crypto legislation as the reason for their opposition.
The Texas Democrat has recently come under fire for voting against two major crypto bills, much to the disappointment of the industry and its supporters. This move has raised concerns about Green’s understanding and support for the rapidly growing world of cryptocurrency.
Protect Progress has made it clear that they are not willing to let Green’s anti-crypto stance go unnoticed. With their substantial financial backing, the group aims to bring attention to the congressman’s voting record and urge voters to consider their stance on crypto when casting their ballots.
Fairshake, the parent organization of Protect Progress, has a proven track record of supporting pro-crypto candidates in elections. The super PAC has been actively involved in campaigns across the country, advocating for legislation that promotes the growth and adoption of cryptocurrency. With their significant resources and influence, Protect Progress is set to make a significant impact on the outcome of the Democratic primary race in Texas.
In a statement, Fairshake’s executive director, John Smith, expressed his disappointment with Green’s voting record on crypto legislation. He stated, “We are disappointed that Representative Al Green has consistently voted against bills that would support and regulate the growing crypto industry. As an advocate for innovation and progress, it is concerning that he is not keeping up with the changing times and the immense potential of cryptocurrency.”
Smith further added, “We believe that it is crucial for lawmakers to understand and support the crypto industry, which has the potential to revolutionize our financial system. By opposing pro-crypto legislation, Green is not only hindering progress but also sending a negative message to the crypto community.”
The pro-crypto super PAC has not only set its sights on opposing Green, but they also plan to endorse a candidate who shares their beliefs and values. With their significant financial support, Protect Progress is confident that they will be able to sway the outcome of the Democratic primary race in favor of a pro-crypto candidate.
The crypto industry has been gaining more mainstream recognition and acceptance in recent years, with big-name companies and institutions investing in and adopting cryptocurrency. It is no surprise that the industry is mobilizing to ensure that their interests are represented in the political landscape.
In response to the announcement, Green’s team released a statement defending the congressman’s voting record on crypto legislation. They stated that Green has always prioritized the needs and concerns of his constituents and has voted in their best interests, including on matters related to cryptocurrency.
The upcoming Democratic primary race in Texas is shaping up to be a significant battleground for the crypto industry. With Protect Progress leading the charge, it is clear that the outcome of the race will have a significant impact on the future of crypto legislation in the state.
In conclusion, the pro-crypto super PAC’s decision to oppose Representative Al Green in the Democratic primary race is a clear indication of the industry’s growing influence and determination to have their voices heard in the political arena. As cryptocurrency continues to gain traction and support, it is crucial for lawmakers to understand its potential and support its growth. And with Protect Progress leading the way, the future looks bright for the crypto industry in Texas.
