Just days FTX filed for bankruptcy, the company’s co-CEO Ryan Salame wrote a $500,000 check to the Republican Governors Association, the main campaign arm tasked with electing GOP executives across the country.
FTX founder Sam Bankman-Fried leaves court following his extradition to the U.S., on Dec. 22, 2022, in New York. | Yuki Iwamura/AP PhotoJust days before the cryptocurrency exchange FTX filed for bankruptcy, the company’s co-CEO Ryan Salame wrote a $500,000 check to the Republican Governors Association, the main campaign arm tasked with electing GOP executives across the country.
The $500,000 donation from Salame was part of a $28.6 million haul that the association brought in over the last three months of 2022, according to filings with the IRS. During the fourth quarter of 2022, the Democratic Governors Association raised about $40.2 million, according to filings with the IRS. Veterans of gubernatorial campaigns said it was the rare instance of the party’s donors shifting their focus to the DGA.
The influx of cash suggests a growing effort by the group to focus on the states. A spokesperson for the Concord Fund maintained, though, that the group, primarily through its support for the Judicial Crisis Network, has already been involved in state court issues for over a decade.
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