FTX CEO Admits Carelessness About Speech $1 Billion Political Donation
The CEO of cryptocurrency exchange FTX is a political mega-donor who previously stated that he may contribute up to $1 billion in the 2024 U.S. presidential election.
In an interview with Politico’s Morning Money, Sam Bankman-Fried, the CEO of crypto exchange FTX, backtracked on his claims that he would give up to $1 billion in the next U.S. presidential election.
Earlier this year, the billionaire stated that he planned to spend “north of $100 million” on future political races. Bankman-Fried retracted the comment in the Politico interview:
“That was a dumb quote on my part. I think my messaging was sort of sloppy and inconsistent in some cases.”
This year, Bankman-Fried has spent about $40 million on political action groups and campaigns, the vast majority of which has gone to the Democratic Party and its candidates. He was a major contributor to Joe Biden‘s successful 2020 presidential campaign. According to Bankman-Fried:
“At some point, when you’ve given your message to voters, there’s just not a whole lot more you can do. You can spend more time on it, and more messaging, more money, more anything else, you’re not accomplishing anything more.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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FTX CEO Admits Carelessness About Speech $1 Billion Political Donation
The CEO of cryptocurrency exchange FTX is a political mega-donor who previously stated that he may contribute up to $1 billion in the 2024 U.S. presidential election.
In an interview with Politico’s Morning Money, Sam Bankman-Fried, the CEO of crypto exchange FTX, backtracked on his claims that he would give up to $1 billion in the next U.S. presidential election.
Earlier this year, the billionaire stated that he planned to spend “north of $100 million” on future political races. Bankman-Fried retracted the comment in the Politico interview:
“That was a dumb quote on my part. I think my messaging was sort of sloppy and inconsistent in some cases.”
This year, Bankman-Fried has spent about $40 million on political action groups and campaigns, the vast majority of which has gone to the Democratic Party and its candidates. He was a major contributor to Joe Biden‘s successful 2020 presidential campaign. According to Bankman-Fried:
“At some point, when you’ve given your message to voters, there’s just not a whole lot more you can do. You can spend more time on it, and more messaging, more money, more anything else, you’re not accomplishing anything more.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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