• Fri. Sep 29th, 2023



Sam Bankman-Fried revised plans to finance political campaigns


Dec 23, 2022

Sam Bankman-Fried revised plans to finance political campaigns

CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried called his words https://gagarin.news/news/whats-wrong-with-poocoin/ about his readiness to spend up to $ 1 billion on the President of the United States in 2024. He stated this in an interview with Politico.

In May, Bankman-Fried said that he plans to donate more than $ 100 million throughout the electoral cycle. After the request to indicate the upper border of possible expenses, the top manager indicated $ 1 billion.

“At some point, when you bring your message to voters, you just can’t do anything else. You can spend more time, messages, money, everything else, [but] you will not achieve anything else “, He explained.

This year, Bankman-Fried spent almost $ 40 million, most of which went to the US Democratic Party and its candidates.

Recall that in 2020, the head of FTX allocated $ 5.22 million to the Joe Biden election campaign fund, falling among its largest sponsors.

Earlier, Time magazine included Bankman-Fried in a hundred influential people of 2022.

In September, he hinted at his readiness to allocate “approximately a billion dollars” for cryptocurrency companies and projects.

In the summer, the companies associated with it directed a similar amount to support the industry. Before that, the head of FTX promised to spend “billions” on the purchase of shares in other companies.

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