Re:FTX collapse, Tether operations have linked to online-pok...
by lzooz on Monday November 14, 2022 @09:33AM
(#33594441)
Sam Bankman-Fried donated $40M to the Democratic Party, making him the second-biggest donor of the party.
[ Parent
| on HN ]
Re:FTX collapse, Tether operations have linked to online-pok...
by pjc50 on Monday November 14, 2022 @09:54AM
(#33594797)
Like most political donors, he gave to both sides. https://www.forbes.com/sites/zacheverson/2022/11/11/checks--...
" The $69 million spent by Bankman-Fried and his deputies on the 2022 midterms likely would’ve done little to plug FTX’s reported financial hole, but it couldn’t have hurt. Bankman-Fried told Forbes last month that “in the end, I care about policy more than politics,” adding that “my giving has been bipartisan, and my goal is to help support great policy makers.”
Bankman-Fried has supported Republicans during this cycle, primarily through his $2 million contribution to the blockchain and cryptocurrency-focused GMI super PAC. But the bulk of his giving, including $27 million to the Protect Our Future super PAC and $6 million to the House Majority super PAC, has gone to support Democrats. Bankman-Fried told Forbes last month that “much of this was for primaries, rather than D vs R general elections” ($33 million of his contributions were made during the first four months of 2022.) "
Re:FTX collapse, Tether operations have linked to online-pok...
by yonaguska on Monday November 14, 2022 @10:05AM
(#33594997)
I'd be interested to know exactly which primaries he donated to. The two sides are not Democrat/Republican, it should be finally obvious to everyone else after these midterms that the sides are actually Trump Republicans vs Democrats+GOP.
Re:FTX collapse, Tether operations have linked to online-pok...
by pjc50 on Monday November 14, 2022 @12:12PM
(#33597314)
Eh, all political parties have significant internal factionalism which isn't very well reported. That's why the US has primaries. It's just remarkable how well coalition discipline holds within the Republican party - any Republican will back any other Republican, at least in public.
It seems SBF was backing/bribing pro-crypto candidates.
Re:FTX collapse, Tether operations have linked to online-pok...
by yonaguska on Tuesday November 15, 2022 @07:54AM
(#33608551)
I guess you have to be paying attention then, to see the splits. The Republican party right now is certainly not holding any sort of coalition. Liz Cheney, Murkowski, Mitch McConnell, Kevin McCarthy, and several others pretty much declared war on Trump based Republicans since 2020. They'd been opposing them long before, but they're finally out in the open about it. The democrat party also has it's own set of establishment Neocons that work to keep the populists in check. Which is why Bernie will never win a primary.
Re:FTX collapse, Tether operations have linked to online-pok...
by hunterb123 on Monday November 14, 2022 @09:00PM
(#33604324)
$67 million (D) vs $2 million (R) is significant. It also depends who it was given to.