{"id":449148,"date":"2022-05-19T00:00:00","date_gmt":"2022-05-18T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary\/"},"modified":"2022-05-19T00:00:00","modified_gmt":"2022-05-18T21:00:00","slug":"candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary\/","title":{"rendered":"# Candidate supported by Bankman-Fried-linked PAC loses Oregon primary"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26e950ec788\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26e950ec788\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary\/#%E2%80%9D_Candidate_supported_by_Bankman-Fried-linked_PAC_loses_Oregon_primary_%E2%80%9C\" >&#8221; Candidate supported by Bankman-Fried-linked PAC loses Oregon primary &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Candidate_supported_by_Bankman-Fried-linked_PAC_loses_Oregon_primary_%E2%80%9C\"><\/span>&#8221; Candidate supported by Bankman-Fried-linked PAC loses Oregon primary &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYjdkOWU2ZmItMzc2Yy00ZmNiLWJjNWItYzE0OWJmNjIzYWM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> attention, which most often centered around Salinas\u2019 opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn.\u00a0<\/p>\n<p>Salinas <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ballotpedia.org\/Oregon%27s_6th_Congressional_District_election,_2022\">won<\/a> the seat with 38% of the vote, while Flynn came in second at 19%, with the remaining votes split among seven other candidates. <\/p>\n<p>Salinas had a solid political background, serving three terms representing Portland\u2019s upscale Lake Oswego suburb in the state House of Representatives. Before that, she was a legislative aide in Washington and worked for an Oregon environmental group. Flynn, an Oregon native who left the state after he graduated from college in 2008 and returned in 2020, was lifted from obscurity through the support of the PAC. <\/p>\n<p>Flynn was also the recipient of $1 million in support from the House Majority PAC, which is closely <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apnews.com\/article\/2022-midterm-elections-congress-oregon-salem-race-and-ethnicity-212fb99a3e64929e369bdb2e7be13eed\">associated<\/a> with House speaker Nancy Pelosi. Sen. Elizabeth Warren countered that move by endorsing Salinas. Flynn <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2022\/05\/11\/warren-oregon-primary-00031695\">appeared<\/a> to be a serious contender in a poll released on May 7. Protect Our Future changed its advertising tactics a few days after that, shifting from ads predominantly featuring Flynn\u2019s difficult rural childhood to attack ads on Salinas, accusing her of being under the sway of the pharmaceuticals industry.<\/p>\n<p>Protect Our Future\u2019s stated goal is \u201cto help elect candidates who take a long term view on policy planning [\u2026] guided by a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of key principles\u201d that include pandemic prevention and a belief in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>. These <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a>s echo a philosophical trend called effective altruism, which both Flynn and Bankman-Fried are known to admire. Estimates of the amount spent by Protect Our Future on Flynn\u2019s campaign are in the range of $8 to $10 million. <\/p>\n<p>\u201cThis is, by all accounts, about three times higher than any other Super PAC efforts in any congressional primaries in the country,\u201d Jim Moore, director of political outreach at the McCall Center for Civic Engagement, told Cointelegraph in an email: <\/p>\n<blockquote><p>\u201cThe ads bought Flynn name recognition, but not victory. They created a backlash among the other candidates and apparently a number of voters about outside money trying to buy a congressional seat.\u201d <\/p><\/blockquote>\n<p>Flynn\u2019s election opponents <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wweek.com\/news\/2022\/04\/13\/candidates-for-oregons-new-congressional-seat-agree-on-one-thing-anybody-but-flynn\/\">formed<\/a> a united front in condemning him, and local media made much of Flynn\u2019s loose ties to the state, his spotty voting record and the possibly questionable motives of the PAC backing him. The controversy soon <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2022\/04\/19\/crypto-super-pac-campaign-finance-00026146\">attracted<\/a> national coverage as well. <\/p>\n<p>\u201cFlynn\u2019s political future in Oregon will depend on whether he becomes an active player in state or local political efforts,\u201d Moore said. \u201cIf not, he will end up being a trivia question about the time a cryptocurrency billionaire and the House Majority PAC tried to snatch Oregon\u2019s new district for reasons that were never made clear in the campaign.\u201d<\/p>\n<p><strong>Related:\u00a0Coinbase forms a second PAC to support crypto-friendly candidates<\/strong><\/p>\n<p>Protect Our Future\u2019s abundant financial support has proven to be controversial in other election races as well. The PAC\u2019s donations were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.texastribune.org\/2022\/05\/17\/jane-hope-hamilton-jasmine-crockett-tx-30-texas\/\">used<\/a> in ads by an opponent of Jasmine Crockett in Texas District 30. Crockett has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/projects.propublica.org\/itemizer\/committee\/C00801514\/2022\/independent-expenditures\">received<\/a> about $1 million from the PAC. Protect Our Future is also among the PACs <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.axios.com\/local\/atlanta\/2022\/05\/12\/exclusive-lucy-mcbath-gets-a-1-million-bump-from-an-outside-group\">choosing<\/a>\u00a0between Democratic candidates Carolyn Bourdeaux and Lucy McBath in the contentious battle for Georgia\u2019s 7th District. <\/p>\n<p><em>Flynn, Andreas and Protect Our Future president Michael Sadowsky have not responded to Cointelegraph&#8217;s requests for comment at time of publication.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Candidate supported by Bankman-Fried-linked PAC loses Oregon primary &#8220; Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas\u2019 opponent Carrick&#8230;<\/p>\n","protected":false},"author":1,"featured_media":449149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYjdkOWU2ZmItMzc2Yy00ZmNiLWJjNWItYzE0OWJmNjIzYWM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[89897,117,70288,70934],"class_list":["post-449148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-sam-bankman-fried","tag-business","tag-elections","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/449148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=449148"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/449148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/449149"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=449148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=449148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=449148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}