Crypto industry leaders have quickly spent their way onto OpenSecrets’ top individual donor list this election cycle. It’s a major shift in the political giving landscape that highlights how crypto executives are earning a lot of money, fast, and that they’re willing to spend on political influence.
FTX, the Bahamas-based cryptocurrency exchange platform founded and helmed by billionaire investor Sam Bankman-Fried, has positioned itself as a leader in the influence battle.
A new OpenSecrets analysis found three executives at FTX contributed almost $26 million this election cycle as of March 31, a marked increase from $7 million during the 2020 election cycle. But the total is likely closer to $40 million based on FEC disclosures filed since March 31, including a $10 million donation from Bankman-Fried to Protect Our Future PAC and a $3 million donation from co-CEO Ryan Salame to his own super PAC, American Dream Federal Action.
While FTX did not respond to OpenSecrets’ request for...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...