Former FTX executives contributed significantly to this year’s midterm elections in an effort to gain influence in Washington. After the collapse of the cryptocurrency exchange, the big beneficiaries of FTX’s donations have attracted attention.
According to the Center for Responsive Politics, FTX founder Sam Bankman-Fried and two other executives poured more than $70 million into the political parties and groups, making FTX the third largest donor in the 2022 election cycle.
While Bankman-Fried gave nearly $40 million mainly to Democratic candidates and liberal organizations, his co-CEO Ryan Salame donated about $23 million to Republicans and conservative groups in 2022, according to a list compiled by the Committee to Unleash Prosperity, a group led by economist Stephen Moore, using OpenSecrets.org data….