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Sam Bankman-Fried and FTX donated over $300,000 to lawmakers investigating him

Former FTX CEO Sam Bankman-Fried and his co-founders have donated more than $300,000 to nine lawmakers who are currently investigating the company for wrongdoing.

Bankman-Fried and his co-founders donated $300,351 to nine members of the House Financial Services Committee; the largest donations went to members of the Digital Assets Task Force, which works on cryptocurrency regulation.

The House Financial Services Committee announced earlier this week that the committee would investigate any wrongdoing by Bankman-Fried and FTX.

Only Rep. Chuy Garcia (D-IL) said he would return a $2,900 donation from Bankman-Fried.

Although Bankman-Fried made donations to Republicans, 95% of donations went to Democratic and Democratic campaign committees.

Bankman-Fried’s PAC, Protect Our Future PAC, spent $199,851 to support Garcia. The disgraced CEO and his brother, Gabriel, donated $40,300 to Rep. Ritchie Torres’ (D-NY) campaign and two of his political committees, the Torres Victory Fund and La Bamba PAC. Bankman-Fried and his regulatory division chief gave Rep. Josh Gottheimer (D-NJ) $16,600. Other Bankman-Fried employees gave Rep. Jim Himes (D-CT) $500 and Rep. Sean Caster (D-IL) $9,100.

Torres, Gottheimer, Himes and Casten were all members of the Digital Assets Task Force.

Bankman-Fried also donated $11,600 to Rep. Jake Auchincloss (D-MA) and $5,000 to the super PAC for Rep. Cindy Axne (D-IA).

Bankman-Fried also generously donated to the senses. Debbie Stabenow (D-MI) and John Boozman (R-AR), who pushed a bill on cryptocurrency regulation, the Digital Commodities Consumer Protection Act, a bill supported by Bankman-Fried.

The Washington Free Beacon reported:

His intensive lobbying campaign seemed to bear fruit before his company disappeared. He supported legislation proposed by Sen. Debbie Stabenow (D., Mich.) and Sen. John Boozman (R., Ark.) that would have brought the crypto industry under regulation by the Commodity Futures Trading Commission, and not bigger and more aggressive securities. and exchange commission.

Bankman-Fried donated $5,800 to Stabenow’s campaign in February and $20,800 to his joint fundraising committee in January. Bankman-Fried gave Boozman $5,800 in January and $5,800 to committee member Sen. John Hoeven (R., ND) in June. He donated a total of $31,000 to Sens-related campaigns and joint fundraising committees. Cory Booker (D., NJ), Tina Smith (D., Minn.), Dick Durbin (D., Ill.), and Kirsten Gillibrand (D., NY), who serve on the Senate Agriculture Committee.

The 30-year-old entrepreneur donated $5 million to a super PAC that backed President Joe Biden in 2020 and $40 million this cycle, largely to Democrats. He contributed $6 million to the House Majority PAC, $1 million to the Senate Majority PAC and nearly $900,000 to the Democratic National Committee.

House Financial Services Committee Chair Maxine Waters (D-CA) dodged questions about whether Democrats should repay donations from Bankman-Fried and his associates.

Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.

Breitbart News

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