Share this article
BTC
$79,016.46
+
2.62%ETH
$1,570.96
+
5.18%USDT
$0.9997
+
0.02%XRP
$1.8890
+
5.27%BNB
$557.73
+
2.92%USDC
$1.0000
-
0.00%SOL
$109.08
+
8.44%DOGE
$0.1510
+
8.39%TRX
$0.2352
+
4.15%ADA
$0.5867
+
6.14%LEO
$8.9759
+
0.85%TON
$3.1359
+
4.58%LINK
$11.63
+
7.82%XLM
$0.2296
+
4.64%AVAX
$16.97
+
8.82%SUI
$2.0455
+
11.84%HBAR
$0.1574
+
14.68%SHIB
$0.0₄1123
+
2.50%OM
$6.2949
+
3.44%BCH
$280.31
+
7.99%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
FTX Co-CEO Donates $4M to Republican PAC Ahead of US Midterm Elections
Ryan Salame has already donated $1 million to non-partisan crypto PACs in this election cycle.
FTX Digital Markets Co-CEO Ryan Salame has donated $4 million to a political action committee aligned with Republican candidates, according to Politico.
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.
STORY CONTINUES BELOW
While not specifically a crypto PAC, the new organization is another example of the crypto industry flexing its muscles in the political horserace. Salame has already given $10 million to GMI PAC, which is crypto-focused, in this election cycle.
PAC spending is just one tool in the industry’s political war chest. Separately, crypto companies are mounting aggressive influence campaigns in statehouses in an effort to lobby for favorable local laws.
Salame’s FTX co-CEO, Sam Bankman-Fried, was among President Joe Biden’s biggest financial backers in the last election cycle.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
