US Crypto Money Supporter Political Group Spent Millions of Dollars on Elections!

Cryptocurrency a political activity group supported by some of the biggest investors in the GMI PACspent $10 million on congressional elections this term.

Political Group Backed By The Cryptocurrency Market Spent $10 Million For Congress Elections

GMI PAC in technology, especially cryptocurrency It was established at the beginning of the year to help select politicians who support innovation in the industry.

A common slogan in crypto circles, GMI stands for “it will succeed.”

Among the key candidates that GMI supports is Senator John Boozman, who sponsored legislation to expand the Commodity Futures Trading Commission’s mandate to directly regulate digital assets.

The son of the famous political activist Jesse Jackson and Democrat Jonathan Jackson, who represents parts of Chicago, is also among the people supported.

The PAC also supported Democrat Glenn Ivey in the contentious Maryland primaries.

“I oppose efforts to ban cryptocurrencies,” wrote Glenn Ivey on his campaign website. “This innovation should not be hindered before it has had a chance to mature and add value to the U.S. economy,” he said.

PAC’s founding donors and board of directors include CMS Holdings co-founder Dan Matuszewski, Framework Ventures co-founder Vance Spencer, and FTX Digital Markets CEO Ryan Salame.

Crypto exchange giant among donors FTXinvestment firm Paradigm, Multicoin and venture firm a16z.

Ryan Salame, CEO of FTX Digital Markets, has personally donated more than $13 million to support the Republican candidates, including Michelle Bond, managing partner of the digital asset trade association.

PAC, cryptocurrencies and bitcoinIt plans to continue to support candidates who defend .

*Not investment advice.