FTX's political action committees are planning an ad campaign on the eve of the US midterm elections.
from the Federal Election Commission. Their primary funder is GMI PAC, a project spearheaded by FTX Digital Markets head Ryan Salame. The organization has received over $11 million from donors including Bankman-Fried, Circle, as well as investment firms Paradigm, a16z, and Multicoin.
Hedge fund manager Anthony Scaramucci and his firm Skybridge Capital contributed a combined $200,000 to Crypto Innovation.growing around the crypto exchange, which has seen executives Bankman-Fried and Salame emerge as some of the biggest political donors in the US in recent cycles. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Kollen Post is a senior reporter at The Block, covering all things policy and geopolitics from Washington, DC. That includes legislation and regulation, securities law and money laundering, cyber warfare, corruption, CBDCs, and blockchain’s role in the developing world.
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