Tech Billionaires’ $1.3M Pledge Creates Political Dilemma for Arizona Candidate

PHOENIX — Democrat Yassamin Ansari, a candidate in the Valley’s Third Congressional District primary, expressed confusion over the large financial backing she has received from a cryptocurrency super PAC called Protect Progress.

Despite opposing former President Donald Trump and his policies, Ansari has found herself benefiting from $1.3 million in outside spending by the PAC. The funding boosts have come through English and Spanish TV ads promoting her campaign.

Tech billionaires supporting Protect Progress have aligned themselves with pro-Trump factions. These crypto PACs are significant contributors in the current election cycle. When asked about the support, Ansari stated, “I ran for office because I hate Donald Trump. I cannot stand MAGA extremism.”

On July 26, Ansari signed a letter addressing the Democratic National Committee, urging for a progressive stance on digital currencies. The letter criticized the U.S. Securities and Exchange Commission for fostering a negative perception of Democrats regarding cryptocurrency regulation.

Ansari explained she’s unsure why she has received this support, attributing it possibly to her youth and efficiency. However, the next day, Trump promised cryptocurrency leaders that he would remove the SEC chairman if elected, stating, “The moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”

While proud of her work at the United Nations on climate change, Ansari acknowledged the environmental concerns surrounding Bitcoin production. She emphasized the need for regulation to address these issues, stating, “Emerging technologies are going to come… We need young, smart, effective members of Congress and effective members in all levels of government to be able to engage with these issues.”

The Third Congressional District is a Latino-majority area that includes parts of Phoenix. Currently held by Ruben Gallego, the seat is open as he campaigns for the U.S. Senate. Ansari, touting her three-year tenure on the Phoenix City Council, could be the first Iranian-American Democrat in Congress if elected.

Her primary opponent, Raquel Teran, could become the first Latina member of Congress from Arizona. Also running is pediatrician Duane Wooten. Teran criticized the cryptocurrency PAC’s spending in favor of Ansari, branding the donors as MAGA supporters. She emphasized her stance against corporate interests and extremism.

Both candidates have garnered substantial PAC support, totaling around $1.9 million each. While Ansari is backed by Protect Progress, Teran has support from the Victory Fund and the Congressional Progressive Caucus PAC.

The winner of the Democratic primary will likely secure the seat in the upcoming November election.