Bloomberg reported on Saturday that Samuel (Sam) Bankman-Fried, contributed $16 million to super PAC Protect Their Future in April.
Bankman-Fried came to stardom by establishing a $40 billion crypto derivatives exchange FTX in less than three years.
This gift makes him one of the top donors to outside political parties, according to the Federal Election Commission.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
According to Opensecrets.org, FTX.US was one of the top contributors to Biden’s presidential campaign in the 2020 election cycle.
So far, the organization has spent $19 million to influence election primaries, all of which were Democratic House contests. The organization’s largest contribution was $10.5 million to support Carrick Flynn in the 6th congressional district of Oregon.
Bankman-Fried is a member of a philosophical movement known as Effective Altruism, which consists of a network of scholars and philanthropists devoted to tackling the greatest risks to the future of humanity, such as pandemics, climate change, and nuclear weapons.