Protect Our Future, a committee funded by a young cryptocurrency entrepreneur, has bought $692,000 worth of TV time in Orlando to promote Democratic congressional candidate Maxwell Alejandro Frost.
The PAC’s commercials began playing on Orlando broadcast television last month, pushing Frost for the Florida’s 10th Congressional District seat in northern Orange County.
Protect Our Future is a new political committee founded earlier this year and funded almost entirely by Samuel Bankman-Fried, a 30-year-old billionaire capital entrepreneur who founded the FTX cryptocurrency exchange.
He’s backing Frost, a 24-year-old progressive Democratic organizer who rose last year to become a dominant candidate in fundraising and endorsements in the 10-Democrat battle for the open seat in the Democratic stronghold of CD 10.
The Protect Our Future commercial appeals to progressives, particularly young progressives. It characterizing Frost as a leader in gun law reform, abortion access rights and climate change. It makes reference to his youth, as “a member of the generation inheriting our planet.”
The committee first endorsed Frost in May and pledged to spend $1 million to support him. The committee already is close to that expense level. The latest independent expenditure reports filed with the Federal Election Commission show it has spent $913,000