A crypto-funded super PAC poured more than $24 million into this year’s Democratic primaries and became a top outside spender. Now, it’s going dark.
Protect Our Future, backed by crypto billionaire Sam Bankman-Fried, spent more than $24 million this year. The super PAC is part of a broader effort to support pandemic prevention advocates in Congress. Now, after boosting candidates including the likely first Gen Z member of Congress , the spending is over. Protect Our Future, a super PAC backed by a cryptocurrency billionaire that boosts Democrats who champion pandemic prevention, quickly became a major player in this year''s primaries after its establishment in January. As of this week, the group has spent more than $24 million in 18 Democratic House primaries nationwide — mostly on television ads — promoting upstart candidates who span the party''s ideological spectrum while ruffling plenty of feathers along the way . In total, 15 of the candidates the group spent significant sums of money on have emerged victorious from their primaries, the most recent being Maxwell Alejandro Frost, a 25-year-old gun violence prevention advocate who''s set to become the first Generation Z member of Congress after winning his party''s nomination for a deep blue seat in Florida. "He is a good example of a number of progressive champions that we''ve supported," Michael Sadowsky, president of Protect Our Future, said of Frost. "We think pandemic prevention is a cause area that can appeal throughout the ideological spectrum, and can have a broad coalition for it." Funded almost entirely by FTX cryptocurrency exchange CEO Sam Bankman-Fried, Protect Our Future has been the third-most prolific outside spender across either party this year, putting it on par with other major players like the Democratic-run Senate Majority PAC and United Democracy Project, the American Israeli Public Affairs Committee''s new super PAC .
A crypto-funded super PAC poured more than $24 million into this year’s Democratic primaries and became a top outside spender. Now, it’s going dark.
Protect Our Future, backed by crypto billionaire Sam Bankman-Fried, spent more than $24 million this year. The super PAC is part of a broader effort to support pandemic prevention advocates in Congress. Now, after boosting candidates including the likely first Gen Z member of Congress , the spending is over. Protect Our Future, a super PAC backed by a cryptocurrency billionaire that boosts Democrats who champion pandemic prevention, quickly became a major player in this year''s primaries after its establishment in January. As of this week, the group has spent more than $24 million in 18 Democratic House primaries nationwide — mostly on television ads — promoting upstart candidates who span the party''s ideological spectrum while ruffling plenty of feathers along the way . In total, 15 of the candidates the group spent significant sums of money on have emerged victorious from their primaries, the most recent being Maxwell Alejandro Frost, a 25-year-old gun violence prevention advocate who''s set to become the first Generation Z member of Congress after winning his party''s nomination for a deep blue seat in Florida. "He is a good example of a number of progressive champions that we''ve supported," Michael Sadowsky, president of Protect Our Future, said of Frost. "We think pandemic prevention is a cause area that can appeal throughout the ideological spectrum, and can have a broad coalition for it." Funded almost entirely by FTX cryptocurrency exchange CEO Sam Bankman-Fried, Protect Our Future has been the third-most prolific outside spender across either party this year, putting it on par with other major players like the Democratic-run Senate Majority PAC and United Democracy Project, the American Israeli Public Affairs Committee''s new super PAC .