A pro-crypto super PAC has recently announced its plans to spend a whopping $1.5 million to oppose Rep. Al Green (D-Texas) in the upcoming Democratic primary race. The organization, known as Protect Progress, is affiliated with the leading super PAC in the crypto industry, Fairshake. The decision to target Green was made due to his voting record on crypto legislation, with the Texas Democrat having voted against two major crypto bills in the past.
The news of this significant investment by Protect Progress has sent shockwaves through the political landscape, especially in the crypto community. This move highlights the growing influence and power of the industry, as well as its determination to have a say in the political arena.
The decision to target Rep. Al Green is not without reason. Green has consistently voted against crypto-friendly legislation, despite the growing popularity and potential of the industry. In 2019, he voted against the Token Taxonomy Act, which aimed to provide regulatory clarity for cryptocurrencies. He also voted against the Digital Taxonomy Act, which sought to establish a working group to study the impact of digital assets on the economy.
These votes have not gone unnoticed by the crypto community, who see them as a hindrance to the growth and development of the industry. Protect Progress, along with Fairshake, is determined to change this by opposing Green in the upcoming primary race.
In a statement, Protect Progress stated that their goal is to ensure that lawmakers who are not supportive of the crypto industry are held accountable for their actions. They believe that Green’s voting record goes against the interests of the people and the economy, and it is time for a change.
The $1.5 million investment by Protect Progress will be used to fund various initiatives to oppose Green’s campaign, including advertisements, canvassing, and other forms of outreach. The organization is confident that this investment will make a significant impact and send a clear message to other lawmakers who may be considering voting against crypto-friendly legislation.
This move by Protect Progress has been met with overwhelming support from the crypto community. Many see it as a step in the right direction towards achieving regulatory clarity and promoting the growth of the industry. The industry has faced numerous challenges in the past, with many lawmakers still skeptical about the potential of cryptocurrencies. However, with this bold move, the industry is showing that it is not afraid to take on these challenges and fight for its future.
In addition to the financial support, Protect Progress has also launched a social media campaign to raise awareness about Green’s voting record and the impact it could have on the crypto industry. The campaign has gained significant traction, with many people expressing their support and sharing their views on the matter.
The upcoming Democratic primary race in Texas is now set to be a battleground for the crypto industry. With Protect Progress leading the charge, it is clear that the industry is determined to make its voice heard and ensure that lawmakers who are not supportive of its interests are held accountable.
In conclusion, the decision by Protect Progress to invest $1.5 million to oppose Rep. Al Green in the Democratic primary race is a significant development for the crypto industry. It highlights the industry’s growing influence and determination to have a say in the political landscape. This move has been met with overwhelming support from the community, and it is a clear indication that the industry is not backing down in its fight for regulatory clarity and growth.
