The Co-CEO in question, Ryan Salam, launched the American Dream Federal Action PAC to support "forward-looking conservative leaders who understand the urgency of advancing smart policies that set America up for success"

He supported his girlfriend, Michelle Bond [2], who ran as a Republican (she lost) for New York's 1st Congressional District [3]. She served as Senior Council at the SEC during the Obama administration [4].

Local party officials accused Bond of being a "double agent backed by Dem money":

> Ryan Salame, the live-in boyfriend of Michelle Bond and co-CEO of FTX, has rallied his crypto-billions behind his girlfriend’s Congressional campaign. Some local voters have claimed this is a shameful attempt to “purchase” the election.

> As one of Bond’s most prominent financial supporters, Salame has become a familiar face on the campaign trail. He totes closely behind, posing in photographs while shaking the hands of Long Island Republicans and keeping his close association with Democrat mega-donor Samuel Bankman-Fried silent.

This has led some to allege "@rsalame7926’s political contributions were made to offset the massive Democrat donations from @SBF_FTX and to spark the illusion that there was a balance of political donations coming from @FTX_Official" [6]

[1] https://www.politico.com/news/2022/04/11/new-crypto-pac-laun...

[2] https://twitter.com/michellebond111

[3] https://ballotpedia.org/Michelle_Bond

[4] https://www.forbes.com/sites/jasonbrett/2020/10/30/meet-mich...

[5] https://messengerpapers.com/2022/08/soros-successor-looking-...

[6] https://twitter.com/JagoeCapital/status/1591466731448442881