Think Big PAC Targets New York Candidate Alex Bores Over Sam Bankman-Fried-Linked Support

CoinDesk reported that Think Big PAC is using New York election filings showing over $100,000 in 2022 support tied to Sam Bankman-Fried’s political network to attack Alex Bores in the NY-12 Democratic primary.

Summary

Think Big PAC, a pro-technology political action committee linked to major tech and crypto donors, is targeting New York Assemblymember Alex Bores in the Democratic primary for New York’s 12th Congressional District by tying him to more than $100,000 in independent support from Sam Bankman-Fried’s 2022 political network. CoinDesk reported that state election filings confirmed the amount. The PAC said Bores benefited from support connected to Bankman-Fried and his allies, while Bores has recently drawn attention for introducing artificial intelligence safety and accountability legislation in New York. The race to succeed Rep. Jerry Nadler has attracted multiple prominent Democratic contenders, and Think Big PAC has already spent hundreds of thousands of dollars on ads criticizing Bores, including earlier attacks over his past work at Palantir.

Terms & Concepts
  • Independent support: Political spending made to aid or oppose a candidate without coordinating directly with that candidate’s campaign.
  • PAC (political action committee): An organization that raises and spends money to influence elections, often through advertising or other campaign activity.
  • Sam Bankman-Fried’s 2022 political network: Political donors, PACs, and affiliated spending entities linked to the former FTX CEO’s election activity during the 2022 cycle.