On December 3, Elon Musk tweeted that former FTX CEO Sam Bankman-Fried (SBF) had publicly donated $40 million to the Democratic Party and may have actually donated more than $1 billion to support the Democratic Party’s election.
As previously reported by PANews, the SBF also announced that it intends to invest between $100 million and $1 billion in political donations for candidates competing with former President Trump in the next US presidential election in 2024.
As mentioned in a previous Coincu News article, US Congressman Tom Emmer reportedly received a report that SEC Chairman Gary Gensler is helping SBF and FTX to exploit legal loopholes to achieve regulatory monopoly status.
During the FTX bankruptcy investigation, a lot of evidence also discovered that SBF had deep ties to US regulators. However, the FTX crash causes damage and the consequences can be enormous. Therefore, the relationship is also difficult to save the situation. Many politicians who have received support from SBF and FTX have also turned their backs and canceled this relationship.
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
Foxy
Coincu News
High Court freezes Craig Wright assets, ordering £1.548M payment to cover Peter McCormack’s legal fees…
Jupiter staking rewards (ASR) claims start tomorrow for a month, ending August 6. JUP tokens…
Two former Northern Data executives accuse the company of financial misrepresentation and tax evasion.
The US non-farm payrolls report for June showed 206,000 jobs added, slightly above expectations, with…
US Government Bitcoin holdings total about $12 billion. UK and Germany hold $3.3B and $2.2B,…
The Wall Street Journal revealed a new FTX $100 million scandal, showing Sam Bankman-Fried's family…
This website uses cookies.
