Politics

Brock Pierce drops out of Vermont’s US Senate race

Brock Pierce, the cryptocurrency mogul and former child actor, won't be on the ballot this fall. Photo by Sebastiaan ter Burg via Wikimedia (CC BY-2.0)

Brock Pierce won’t be on the ballot this fall after all.

The cryptocurrency mogul and former child star told Politico this week that after months of flirting with an independent U.S. Senate run in Vermont, he’s decided to start a pro-crypto super PAC instead. 

The reason for his change of heart, he told the outlet, was the premature birth of his daughter in July. Not mentioned by the erstwhile candidate: the Puerto Rican government’s investigation into whether a Senate run would violate the terms of a generous tax break he receives on the island.

Despite being so noncommittal about whether he would run, Pierce spent big on a campaign infrastructure in Vermont. He hired a local campaign manager, set up a website, bought merch, and filmed a campaign ad. His most recent filing with the Federal Election Commission showed over $1.2 million in expenditures. (Almost all of that cash came from the candidate himself.)

Politico reported that Pierce’s super PAC will be called One America and will push for the development of a decentralized internet, often called Web3, and focus on political races in the Northeast. Pierce has not yet decided on the candidates to back, but expressed a desire to move quickly.

“The freight train, or Brock Train, or maybe blockchain can start to run at lightning speed,” he told the outlet.

U.S. Rep. Peter Welch, D-Vt., easily won the Democratic nomination for the U.S. Senate on Tuesday. Gerald Malloy, a political newcomer and hardline conservative, beat former U.S. Attorney Christina Nolan for the Republican nomination.

Missing out on the latest scoop? Sign up for Final Reading for a rundown on the day's news in the Legislature.

 

Did you know VTDigger is a nonprofit?

Our journalism is made possible by member donations. If you value what we do, please contribute and help keep this vital resource accessible to all.

Lola Duffort

About Lola

Lola Duffort is a political reporter for VTDigger, covering Vermont state government, the congressional delegation and elections. She previously covered education for Digger, the Concord Monitor in New Hampshire and the Rutland Herald. She has also freelanced for the Miami Herald in Florida, where she grew up. She is a graduate of McGill University in Canada.

Email: [email protected]

Send us your thoughts

VTDigger is now accepting letters to the editor. For information about our guidelines, and access to the letter form, please click here.

 

Recent Stories

Thanks for reporting an error with the story, "Brock Pierce drops out of Vermont’s US Senate race"
  • Hidden
  • Hidden
  • This field is for validation purposes and should be left unchanged.