Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Crypto Exec's $1.1 Million Paid for Pro-Balint Ads in Vermont House Primary
Last edited Thu Aug 25, 2022, 01:18 PM - Edit history (1)
https://www.sevendaysvt.com/vermont/crypto-execs-11-million-paid-for-pro-balint-ads-in-vermont-house-primary/Content?oid=36313981Crypto Exec’s $1.1 Million Paid for Pro-Balint Ads in Vermont House Primary
By SASHA GOLDSTEIN
Published August 23, 2022 at 5:29 p.m.
A 26-year-old cryptocurrency executive single-handedly helped a political action committee spend big in support of Vermont state Sen. Becca Balint (D-Windham) during her successful Democratic primary campaign for the state’s sole U.S. House seat.
In July, Nishad Singh, head of engineering for cryptocurrency exchange FTX, funneled $1.1 million to the LGBTQ Victory Fund Federal PAC, which then spent $991,911 on TV, digital and mailed ads that lauded the skills and experience of Balint, who is gay. She went on to defeat Lt. Gov. Molly Gray in the August 9 primary.
The Victory Fund had just $153,000 in the bank as of June 30, according to the organization’s filings with the Federal Election Commission. During the month of July, according to an August 19 filing, the group received just five other donations aside from Singh’s, none larger than $10,000. Singh’s donation, in fact, is the PAC’s largest one-time haul from a single donor in its history.
[...]
By SASHA GOLDSTEIN
Published August 23, 2022 at 5:29 p.m.
A 26-year-old cryptocurrency executive single-handedly helped a political action committee spend big in support of Vermont state Sen. Becca Balint (D-Windham) during her successful Democratic primary campaign for the state’s sole U.S. House seat.
In July, Nishad Singh, head of engineering for cryptocurrency exchange FTX, funneled $1.1 million to the LGBTQ Victory Fund Federal PAC, which then spent $991,911 on TV, digital and mailed ads that lauded the skills and experience of Balint, who is gay. She went on to defeat Lt. Gov. Molly Gray in the August 9 primary.
The Victory Fund had just $153,000 in the bank as of June 30, according to the organization’s filings with the Federal Election Commission. During the month of July, according to an August 19 filing, the group received just five other donations aside from Singh’s, none larger than $10,000. Singh’s donation, in fact, is the PAC’s largest one-time haul from a single donor in its history.
[...]
