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FTX gave more to Republicans than Dems. > More consequentially, Emmer was the head of the National Republican Congressional Committee, the campaign arm for Hou
by belltaco 4y ago
FTX gave more to Republicans than Dems.
> More consequentially, Emmer was the head of the National Republican Congressional Committee, the campaign arm for House Republicans, this year. The NRCC’s associated super PAC, the Congressional Leadership Fund, received $2.75 million from FTX in the 2022 cycle; $2 million from Salame in late September, and $750,000 from the company’s political action committee.
> That money helped House Republicans win the majority in 2022. Though FTX has been portrayed as a Democratic firm, thanks to the high profile of former co-CEO Sam Bankman-Fried, the company sprinkled around campaign donations fairly evenly, with a shade over 50 percent going directly to congressional Republicans and a shade under 50 percent to Democrats this cycle.
- jmaygarden 4y agoIf SBF embezzled FTX customer funds to make his donations, then I’m not sure why FTX directly donating a smaller sum is significant. Personally, I see it as a more general example of a broken campaign finance system. It’s independent of party.