FTX exec launches new Republican PAC with $4 million donation

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FTX exec launches new Republican PAC with $4 million donation
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'We believe that public policy solutions should have a positive impact on people’s lives and play a vital role in protecting Americans’ freedoms, biosecurity and system of free enterprise,' the PAC's site says.

aims to support"forward-looking conservative leaders who understand the urgency of advancing smart policies that set America up for success."

"We believe that public policy solutions should have a positive impact on people’s lives and play a vital role in protecting Americans’ freedoms, biosecurity and system of free enterprise," the PAC's site says. In keeping with that push, Salame is said to be putting $4 million into the new initiative. Federal Election Commissionshows the PAC's registration date as March 14 but has not reflected any first wave of donations. PACs are limited to donating $5,000 to any particular candidate but can spread those donations across a vast range of local, state and federal politicians and affiliate committees in any given election year.

FTX Digital Markets is a subsidiary of FTX Trading, the crypto exchange's global operation. Salame joined the firm in September as it received licensing to set up shop in the Bahamas, leaving a role at linked trading firm Alameda Research.

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