HomeBitcoin NewsCrypto Exec Ryan Salame Donates Millions to GOP Candidates

Crypto Exec Ryan Salame Donates Millions to GOP Candidates

Date:

Related stories

BTC ETFs See $226.2 Million Outflows on Thursday

BTC ETFs saw $226.2 million in net outflows in...

Bitcoin Mining Firms Witness 10% Stock Price Rally as Trump Promises Support

US presidential candidate and former US president Donald Trump...
spot_imgspot_img

Ryan Salame is a 29-year-old libertarian-leaning republican who also works heavily in cryptocurrency. He runs FTX Digital Markets in the Bahamas where he presently lives, and he just shelled out more than $13 million of his own money to support a bunch of GOP candidates in the present midterm primaries.

Ryan Salame Believes in the Republican Party

The ironic thing about this situation is that recently Sam Bankman-Fried – who also is tasked with running FTX divisions – has shelled out a bunch of his own money as well, though much of his funds have gone to democrat politicians and candidates. It seems there are two mega FTX executives on opposite sides of the political spectrum.

At first glance, it really looks like Salame is the one who truly gets it, as democrats have done nothing but ruin cryptocurrency over the past year. The Biden administration has been disastrous for America and has imposed poor economic regulations that have seemingly increased inflation, which has caused the Fed to hike rates on a repeated basis. These hikes have really hurt bitcoin, bringing it down from an all-time high of about $68,000 per unit last November to just over $19,000 at the time of writing.

This is a loss of more than 70 percent, while the overall crypto space has lost valuation exceeding $2 trillion. Salame is smart enough to realize that if you want change, you need to incorporate it yourself. He likely sees how disastrous the democrat policies of both 2021 and 2022 have been for crypto and the American economy and is now working to instill proper change and see to it that the right candidates are elected to ensure crypto can survive.

It is odd that his 30-year-old counterpart Bankman-Fried gave money to opposing political forces. Bankman-Fried is now having to spend millions to bail out other crypto companies and give the space its due attention. Given that he runs one of the world’s most successful crypto exchanges, one would think he’d recognize the damage done by democrats and call for change, but he appears to be calling for the status quo.

Striving for Change in the Crypto Space

The fact is that the crypto arena cannot afford more weak leadership under Biden or any of his unqualified cronies. Salame is now pushing to make sure things are different going into 2023. In a recent interview, he stated:

I’ve had a ton of success on the private side in the business sector, and I think coming out of that, [I was] trying to think of ways that we could really benefit America and United States citizens — put something forward for future generations… Living through and going through COVID, it became abundantly clear that we’re not prepared for pandemics and not prepared for… future viral outbreaks.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img