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cjcole | 3 years ago

A fair summary (based on information from Open Secrets) would be that the vast preponderance of contributions were to Democratic and/or progressive candidates or funds ($36,846,356), plus relatively insignificant ($240,200) contributions to Republicans who were (in one way or another) anti-Trump.

https://www.axios.com/2022/11/15/ftz-crypto-bankman-fried-de...

"Last spring, Bankman-Fried pledged to spend upwards of $1 billion on the 2024 election, particularly if Donald Trump were to run."

https://www.opensecrets.org/elections-overview/biggest-donor...

Sam Bankman-Fried

  "Solidly Democrat/Liberal"
  Rank 6
  Contributor FTX.US, Washington, DC
  Total Contributions $39,884,256
  Total Hard Money $1,047,256
  Total Outside Money $38,837,000
  To Democrats $36,846,356
  To Republicans $240,200
The Republicans recipients:

https://www.foxbusiness.com/politics/ftx-founder-sam-bankman...

"In addition, Bankman-Fried wired maximum individual donations to Boozman and incumbent Republican Sens. Susan Collins of Maine, Richard Burr of North Carolina, Bill Cassidy of Louisiana, John Hoeven of North Dakota and Lisa Murkowski of Alaska throughout the election cycle."

Collins, Burr, Cassidy, and Murkowski are strongly aligned against Trump.

Boozman received his contribution(s) during his primary against Jake Bequette, a strongly pro-Trump Republican.

Hoeven likewise during his primary race against Rick Becker, another strongly pro-Trump Republican.

Also Boozman:

https://www.benzinga.com/markets/cryptocurrency/22/11/296766...

"Stabenow noted that she is working with her Republican counterpart on the committee, Sen. John Boozman (R-Ark), and regulators to finalize the Digital Commodities Consumer Protection Act (DCCPA) bill in preparation for a committee vote. DCCPA gives power to the Commodity Futures Trading Commission (CFTC) to regulate the trading of digital commodities. This bill was backed by Sam Bankman-Fried, co-founder of the crypto exchange FTX."

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skinnymuch|3 years ago

Your post did not contest no donations going to progressive or left-wing causes. That is the primary problematic part.

FTX as far as the public is aware is 2/3 Dem 1/3 Repub donations. You only brought up SBF. I was talking about FTX as a whole. Sibling comment notes this as well.

> “Bankman-Fried pledged to spend upwards of $1 billion”

A pledge doesn’t mean anything.

lupire|3 years ago

FTX's #2 person donated to Republicans to partly balance out SBF. The total ratio is approximately 2:1.

The weren't about altruism or progressive causes, they were playing both sides to embezzle 10x the amount they donated.

The "pledge" was just talk.