Crypto Super PAC pours $660K into Senate race as US election closes in

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With 57 days until the US election, expenditures from Super PACs seem to be heating up in Massachusetts and nationwide.

The Commonwealth Unity Fund, a political action committee (PAC) primarily funded by contributions from the co-founders of Gemini and Ripple Labs, has spent more than $600,000 toward the election of Republican candidate John Deaton in the United States Senate.

According to Federal Election Commission (FEC) records filed on Sept. 6, Commonwealth spent roughly $330,000 on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts US Senate race. The Super PAC also spent the same amount on a media placement supporting Deaton.

The media buy marked one of the first significant expenditures from a crypto-backed Super PAC since Deaton won the Republican nomination for the US Senate race on Sept. 3. Backed by crypto industry leaders including the Winklevoss twins and Kraken co-founder Jesse Powell, the Republican candidate seeks to unseat Sen. Warren, who has served as Massachusetts’ Democratic Senator since 2013. 

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