The general elections are in full swing in the United States. As the candidates compete relentlessly, crypto donations are raining down and changing the game. But while the industry seems to have a prominent place in these campaigns, one question remains: could cryptos buy a seat in Congress? Nothing is impossible when FTX CEO Sam Bankman-Fried gets started.
Sam Bankman-Fried for Better Exploitation of the Crypto Industry
This year, digital assets are embedded in the elections and decide to leave an indelible mark there. With over $80 million at stake, cryptocurrencies are reaching all-time highs and competing with famous industries such as healthcare. Currently, campaigns for the general election are in their final days as they head towards the November 8 vote.
And if one thing is certain, it is that crypto interests have largely worked to shut down the primary races. To see their efforts lead to a favorable result, the GMI PAC supported younger candidates wishing to fill a vacant seat. This, in order to obtain the most seats in Congress in order to ensure a safer and more innovative crypto ecosystem.
Sam Bankman-Fried and his colleague Ryan Salame have distinguished themselves this year as campaign cashiers. As always, the FTX CEO isn’t shy about jumping in when it comes to digital assets. While for some people it’s money wasted unnecessarily, the entrepreneur told an event in Washington that he only wants a culture of compromise and progress.
As a result, he only supports candidates who will make sure to follow common sense to avoid certain mistakes made in the past. Despite his good faith, it is to Ryan Salame that returns the title of the most prolific campaign donor. The latter backs Katie Britt, who is likely to win a seat next month. This help is only possible because the Republican is an unwavering supporter of bitcoin (BTC).
Despite compelling results, some still believe that a mountain of crypto wealth cannot buy a seat in Congress. Remember that this largesse did not help Carrick Flynn or Michelle Bond much.
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