Thursday, December 1, 2022

Thank Sam Bankman-Fried For Democrats’ 2022 Ground Game

 Crypto mogul Sam Bankman-Fried was second-largest individual donor to the Democratic Party during the 2022 midterm election cycle

  • 30-year-old crypto mogul gave more than $36 million to Democrats
  • This is not new for the crypto mogul, who has been bankrolling Democratic politicians and causes since at least 2020
  • In an interview (pre-FTX collapse) he said he would give between $100 million and $1 billion in the 2024 election
  • His mother is the founder and president of leftist super PAC Mind the Gap
  • Advises ultra-left-wing donors to fund 501(c)(3) voter registration nonprofits because they are 2 to 5 times more cost-effective at netting additional Democratic votes

Where does Bankman-Fried come into this?

  • His former employee, Nishad Singh, was Mind the Gap's top donor for 2022
  • FTX money has fueled Democrats' get-out-the-vote campaign
  • While this money was likely not FTX's to spend, that did not stop Democrats or left-wing nonprofits from taking it

https://thefederalist.com/2022/12/01/thank-sam-bankman-fried-for-democrats-2022-ground-game/

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