Crypto-focused PAC has used $9M to support Democratic candidates since January
Protect Our Future, a political action committee set up in January with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives.
According to reported expenditures with the U.S. Federal Election Commission, as of April 14 Protect Our Future has used $9,024,317 toward supporting the campaigns of Carrick Flynn, Lucia McBath, Shontel Brown, and Jasmine Crockett to represent separate districts in Oregon, Georgia, Ohio, and Texas, respectively. McBath and Brown are incumbent candidates, while Crockett currently represents Texas’ 100th district in the state’s House of Representatives.
Protect Our Future used more than $5 million toward mainly digital, television, and radio ad buys for Flynn, a political newcomer who lived outside the U.S. for several years until recently. The PAC contributed roughly $2 million in ad buys and production for McBath and $1 million each for Crockett and Brown.
Running in Oregon’s new 6th congressional district, Flynn seems to have rarely if ever spoken publicly on cryptocurrencies, nor does his campaign website suggest it would be open to accepting donations in digital assets. In contrast, Cody Reynolds, another Democratic candidate running for the Oregon seat, listed “threatening laws and legislation” on cryptocurrencies including Bitcoin (BTC), web3, and blockchain as one of his key campaign issues, but the page seems to be unavailable or has been removed at the time of publication.
Nina Turner, against Brown in Ohio's 11th congressional district, has tweeted she was opposed to members of Congress being allowed to trade stocks, a stance that could also extend to holding digital assets. Many on social
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