The co-CEO of FTX Digital Markets, Ryan Salame has launched the American Dream Federal Action PAC and put $4 million into it.
A PAC is a political action committee, and Ryan Salame’s PAC aims to support “forward-looking Republican candidates” who want to protect “America’s long-term economic and national security.”
The PAC’s site reflects Salame’s views and intends to focus on national and economic security, as well as cryptocurrencies.
In a statement announcing the PAC Salame says, “We look forward to supporting forward-looking conservative leaders who understand the urgency of advancing smart policies that set America up for success.”
The formation of this PAC comes with the upcoming midterm elections and depicts the increased involvement of crypto players in politics.
FTX Digital Markets is a subsidiary of Sam Bankman-Fried’s FTX Trading. Sam Bankman was one of the largest contributors to Joe Biden’s 2020 presidential campaign.
On one hand Sam Bankman has pledged to donate all of his wealth, proving himself to be a crypto enthusiast robinhood and on the other hand, has been expanding FTX Trading and its subsidiaries exponentially, both globally and across all fields.
