Members of the House Financial Services Committee received hundreds of thousands of dollars from Sam Bankman-Fried and others at his now-bankrupt cryptocurrency firm FTX.
Nine members of the House Financial Services Committee received money from FTX totaling just over $300,000, according to a review of Federal Election Commission records by the Washington Free Beacon.
FTX FOUNDER SAM BANKMAN-FRIED HIT WITH CLASS-ACTION LAWUIT ALSO CALLED BRADY, BUNDCHEN, SHAQ, CURRY
Bankman-Fried has been a major contributor to the Democratic candidates during the midterm election cycle, channeling most of his donations through a political action committee called the Protect Our Future PAC.
Rep. Chuy Garcia, an Illinois Democrat, is the only committee member to publicly pledge to return a $2,900 contribution from FTX leaders. The legislator was also the beneficiary of a nearly $200,000 advertising campaign funded by the Protect Our Future PAC.
Bankman-Fried transferred an estimated $262,200 to Republicans throughout the 2021-2022 election cycle, according to FEC records. His contributions to Republicans pale in comparison Almost 40 million dollars contributed to it Democratic campaigns but still a significant amount, compared to most Americans.
HERE’S THE DEMS THAT BENEFIT THE LEFT-WING PAC THAT FTX FUNNELED MAKED $27 MILLION WITH
When asked if Democrats who received campaign money from FTX should return it, committee chair Rep. Maxine Waters said, “Well, I don’t want to get into that. Actually, both sides, Democrats and Republicans, are donations. So thank you.”
Overall, in 2021 and 2022, Bankman-Fried She donated nearly $38 million to various candidates and political action committees, mainly giving his money to Democratic candidates and left-wing groups, according to Federal Election Commission (FEC) filings.
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However, the majority of his political donations have gone to the Protect Our Future PAC, a group founded in January dedicated to promoting candidates committed to preventing future pandemics.
On Wednesday, it was Bankman Fried Hit a class action lawsuit It was filed by investors alleging that he and other high-profile celebrities — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law and caused consumers to suffer more than $11 billion in damages.
Fox News’ Kristin Altos and Tomas Catenacci contributed to this report.
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