FTX Co-CEO Ryan Salame donated $4 million to a new PAC backing conservative candidates. realDannyNelson reports
American Dream Federal Action will back candidates “who want to protect America’s long-term economic and national security,” its website read Monday. It is focused on “conservative leaders,” according to a statement Salame shared with Politico.
While not specifically a crypto PAC, the new organization is another example of the crypto industry flexing its muscles in the political horse race. Salame has already given $10 million to GMI PAC, which is crypto-focused, this election cycle. PAC spending is just one tool in the industry’s political warchest. Separately, crypto companies are mounting aggressive influenceSalame’s co-CEO Sam Bankman-Fried was notably among President Joseph R. Biden Jr.’s biggest financial backers last election cycle.
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