FTX filed for bankruptcy last week, days after CoinDesk reported a balance sheet belonging to Alameda held a large amount of FTX’s own FTT token, raising questions about the amount of real money on either company’s books.
The early days of the bankruptcy filing were chaotic. FTX US, which said it wouldn’t suspend withdrawals, temporarily did. The parent exchange was hacked on Friday night. And the Securities Commission of the Bahamas said over the weekend that it hadn’t ordered FTX to allow local users to withdraw funds, contradicting the reason FTX gave for re-enabling withdrawals in the country days after suspending all withdrawals.
Numerous federal and state regulators are currently investigating FTX.
But his political donations are really complicated!
In December 2021 FTX founder Sam Bankman-Fried and five other cryptocurrency exchange executives testified before The House Financial Services Committee.
Sam Bankman-Fried and five other cryptocurrency exchange executives testified before The House Financial Services Committee which is chaired by Maxine Waters.
While Bankman-Fried was leaving the hearing Maxine Waters blew a kiss to the mega-Democrat donor.
This smells like on big setup!
These are the people responsible for the hearing:
As most are well aware by now, the disgraced founder of FTX Sam Bankman-Fried was the Democrat party’s second-largest donor just behind George Soros.
In the 2020 presidential election, Bankman-Fried dished millions to the Biden campaign and followed it up by handing out over $40 million dollars to democrats in the 2022 primaries and midterms.
Forbes reported last year that Bankman-Fried also donated to six RINOs who voted to impeach President Trump.
Since July, Bankman-Fried has made $5,800 contributions, the maximum individuals can give directly to Congressional campaigns, to the committees of Bill Cassidy (R-La.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Ben Sasse (R-Neb.), Mitt Romney (R-Utah) and Richard Burr, the North Carolina Republican who announced plans to retire at the end of his term in 2023.
OPINION: This article contains commentary which reflects the author’s opinion
Mark Van der Veen offers some of the most analytical and insightful writings on politics. He regularly opines on the motives and political calculations of politicians and candidates, and whether or not their strategy will work. Van der Veen offers a contrast to many on this list by sticking mainly to a fact-based style of writing that is generally combative with opposing ideologies.