Protect Our Future

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Protect Our Future(POF) is a Democratic political action committee (PAC) started in 2022. It is funded primarily by Sam Bankman-Fried.

Contents

Funding

In 2022 Bankman-Fried provided initial financial support for Protect Our Future PAC. Protect Our Future was launched as a Democratic political action committee with $10 million in initial funding aiming to support "lawmakers who play the long game on policymaking in areas like pandemic preparedness and planning", according to Politico. [1] Bankman-Fried had provided the majority of the $14 million raised by May 2022 for the PAC. [2] A spokesperson for the PAC said Bankman-Fried had donated $13 million, while Nishad Singh had donated $1 million. [3]

As of June 2022, Bankman-Fried contributed over $23 million to the PAC. [4]

2022 Democratic primary

POF spent funds in several 2022 Democratic primaries. In the 2022 Democratic primary between Shontel Brown and Nina Turner, POF spent at least $1 million in support of Brown, [5] largely on radio, TV, and digital ads. [2] This amount was significant, given that the Brown campaign itself raised $4 million. [2] POF spent at least $2 million for Georgia Representative Lucy McBath. [5]

POF spent at least $7 million in the 2022 Carrick Flynn campaign for Oregon district 6 Representative. [2] An opposing candidate alleged that POF coordinated with a Flynn campaign, an action illegal under federal law. POF denied this allegation. [6] The Flynn campaign may have coordinated with POF through a strategy called red-boxing, whereby the campaign highlights particular language on its website in a red box that POF replicated in its advertising. [7]

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References

  1. ↑ Adragna, Anthony (January 27, 2022). "A new Democratic super PAC has entered the chat: Protect Our Future will invest $10 million in Democratic primaries for lawmakers who take "a long term view on policy planning."". Politico.
  2. 1 2 3 4 Sloan, Karen James (May 3, 2022). "Crypto cash flows into midterm elections as the industry flexes its political clout". CNBC. Retrieved 6 May 2022.
  3. ↑ Sutton, Sam; Montellaro, Zach (April 19, 2022). "Revealed: The $14M mystery behind a new crypto super PAC". Politico. Retrieved 6 May 2022.
  4. ↑ Iwayemi, Timi (June 6, 2022). "Sam Bankman-Fried's Multimillion-Dollar Game". The American Prospect.
  5. 1 2 Grim, Ryan (April 15, 2022). "Crypto PAC Throws in $1 Million to Back Ohio Rep. Shontel Brown Over Nina Turner". The Intercept.
  6. ↑ Monahan, Rachel (March 2, 2022). "Congressional Campaign Alleges Super PAC and Democratic Candidate for Oregon's New Seat Are Improperly Coordinating". Willamette Week.
  7. ↑ Goldmacher, Shane (May 16, 2022). "The Little Red Boxes Making a Mockery of Campaign Finance Laws". The New York Times. Retrieved 9 June 2022.
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