Sam Bankman-Fried Donate $39.2 Million, 5th Largest In US Midterm Election

According to Federal Election Commission data, Sam Bankman-Fried is recorded to have donated nearly $40 million, ranking fifth among the 50 largest donors in the 2022 midterm election round.

According to The Washington Post’s analysis of Federal Election Commission data, the 50 largest donors in this round gave a total of $1.1 billion to political committees and other groups participating in the midterm elections in 2022.

George Soros came in first with $128.5 million, and FTX founder SBF was fifth with $39.2 million. Of that, SBF’s $27 million goes to the Political Action Committee (PAC), $6 million to support Democratic House of Representatives candidates, and $2 million to support friendly candidates. with electronic money.

“The 30-year-old investor and CEO of the cryptocurrency exchange FTX has funneled money to candidates aligned with his philanthropic vision of so-called “effective altruism” and pandemic preparedness, while also giving large sums to Democratic groups.”

Sam Bankman-Fried is looking to dive deeper into politics when he announced his willingness to spend heavily on the pro-crypto US Presidential candidate.

Previously, the 30-year-old founder of the cryptocurrency exchange FTX, said in a podcast interview released on May 24 that he expects to give “north of $100 million” in the next presidential election and has a “soft ceiling” of $1 billion, with his spending likely to be on the higher end of former President Donald Trump runs again.

Coincu will continue to update the situation related to SBF, you can find out more information through this article.

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