The Perils of Campaign Finance
If you want some insight into the problems that current campaign finance laws create, the Vermont Democratic primary for the U.S. House may prove instructive. Windham County Senator Becca Balint and Lt. Governor Mollie Gray squared off in what proved to be a lopsided race. Balint handily defeated Gray. If Balint wins the general election she will be the first woman and first openly gay member of Vermont’s congressional delegation.
According to VT Digger, ” …LGBTQ Victory Fund, which spent just shy of $1 million on Balint’s behalf in the race, had recently benefited from a $1.1 million donation from Nishad Singh, a top executive at the cryptocurrency exchange FTX. The political action committee’s financial disclosures make clear that the lion’s share of the outside spending supporting Balint’s run came from Singh’s donation.”