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Re:FTX collapse, Tether operations have linked to online-pok... by ekianjo on Monday November 14, 2022 @10:24AM (#33595302)
> a "do-gooder" by the NYT.

sbf was giving tons of cash to the democratic party so NYT cant find anything bad to say about him

Re:FTX collapse, Tether operations have linked to online-pok... by COGlory on Monday November 14, 2022 @10:30AM (#33595399)
I'll have you know he donated to both sides: He also gave $5,800 to 6 different left-leaning Republicans.

https://www.forbes.com/sites/michelatindera/2021/10/21/the-w...

Re:FTX collapse, Tether operations have linked to online-pok... by TacticalCoder on Monday November 14, 2022 @10:38AM (#33595537)
that's not much compared to the $40 millions he gave to the democrats...
Re:FTX collapse, Tether operations have linked to online-pok... by mikeyouse on Monday November 14, 2022 @09:32PM (#33604533)
The Co-CEO at FTX gave $24M to Republicans - seems more in line for 'both sides' since Republicans don't currently control any levers of government.

https://www.opensecrets.org/outside-spending/donor_detail/20...

Re:FTX collapse, Tether operations have linked to online-pok... by TornTongues on Monday November 14, 2022 @09:51PM (#33604646)
The Co-CEO in question, Ryan Salam, launched the American Dream Federal Action PAC to support "forward-looking conservative leaders who understand the urgency of advancing smart policies that set America up for success"

He supported his girlfriend, Michelle Bond [2], who ran as a Republican (she lost) for New York's 1st Congressional District [3]. She served as Senior Council at the SEC during the Obama administration [4].

Local party officials accused Bond of being a "double agent backed by Dem money":

> Ryan Salame, the live-in boyfriend of Michelle Bond and co-CEO of FTX, has rallied his crypto-billions behind his girlfriend’s Congressional campaign. Some local voters have claimed this is a shameful attempt to “purchase” the election.

> As one of Bond’s most prominent financial supporters, Salame has become a familiar face on the campaign trail. He totes closely behind, posing in photographs while shaking the hands of Long Island Republicans and keeping his close association with Democrat mega-donor Samuel Bankman-Fried silent.

This has led some to allege "@rsalame7926’s political contributions were made to offset the massive Democrat donations from @SBF_FTX and to spark the illusion that there was a balance of political donations coming from @FTX_Official" [6]

[1] https://www.politico.com/news/2022/04/11/new-crypto-pac-laun...

[2] https://twitter.com/michellebond111

[3] https://ballotpedia.org/Michelle_Bond

[4] https://www.forbes.com/sites/jasonbrett/2020/10/30/meet-mich...

[5] https://messengerpapers.com/2022/08/soros-successor-looking-...

[6] https://twitter.com/JagoeCapital/status/1591466731448442881

Re:FTX collapse, Tether operations have linked to online-pok... by kibwen on Monday November 14, 2022 @12:13PM (#33597323)
Did you even bother to read the article? Because the answer for everyone here seems to be "no", have a read that doesn't require a click:

A growing force in political fund-raising, he has a super PAC that recently gave more than $10 million to a Democratic congressional candidate who supports some of his philanthropic priorities.

In public, Mr. Bankman-Fried can sometimes seem uncomfortable, tapping his foot or twirling a fidget spinner. But the awkwardness is part of a calculated self-presentation. Over countless tweets, interviews and TV appearances, he’s positioned himself as a mad-scientist-cum-diplomat — a straight-talking brainiac willing to embrace regulation of his nascent industry and criticize its worst excesses.

Now Mr. Bankman-Fried is trying to leverage his fame to set policy in Washington, at a moment when the risks of crypto trading are growing increasingly stark; he makes regular trips to the Capitol from his base in the Bahamas, meeting with regulators and testifying in Congress. If he’s successful, he could become one of the most influential figures in the new era of technological experimentation that supporters call web3, writing the rule book for a slew of risky investment products that are increasingly reshaping the internet, finance and even the arts.

But his detractors say his advocacy is driven by self-interest. His political contributions have prompted complaints that he’s distorting the competitive landscape to advance his own agenda. And the charm offensive in Washington has alarmed consumer advocates who argue that FTX is exacerbating the volatility in crypto markets and putting investors at risk.

FTX serves as a portal to the crypto world. With the click of a button, a curious investor can turn dollars into Bitcoin, Dogecoin or Ether. It’s as simple as buying paper towels from Target — except that the value of a digital asset can be wiped away overnight amid the types of market gyrations that have sent cryptocurrency prices crashing over the past month. In the United States, crypto exchanges occupy a regulatory gray area: It remains unsettled whether the tokens are securities, commodities or something else entirely. Mr. Bankman-Fried has been pitching a regulatory structure with expanded authority for the Commodity Futures Trading Commission, which is smaller and less aggressive than the Securities and Exchange Commission and has traditionally been more sympathetic to the crypto industry.

FTX is headquartered in the Bahamas partly because 80 percent of its $1.1 billion in global revenue stems from a trading instrument that remains illegal in the United States. On the FTX platform, investors can borrow money to make enormous bets on the future prices of cryptocurrencies, leading to potentially astronomical gains — or catastrophic losses.

So not only is the article extremely up-front about the fact that SBF donated to the Democratic primaries (and as far as I can tell, none at all to the general election), it's far from "glowing" (it's a banal, if colorful, profile) and, contrary to the parent commenter's claims, nowhere does it claim that he is a "do-gooder", rather using the phrase in the context of how EA advocates think of themselves.

The sheer irony of people railing against misinformation in media while willfully misinforming people on social media.

Re:FTX collapse, Tether operations have linked to online-pok... by astrange on Monday November 14, 2022 @08:26PM (#33604062)
The NYT is the most "bothsides" political media you'll find; any political story will be reported as "why are the Democrats doing a bad job?".

This is the basis of NYT Pitchbot.

Re:FTX collapse, Tether operations have linked to online-pok... by ekianjo on Monday November 14, 2022 @08:45PM (#33604199)
> The NYT is the most "bothsides" political media you'll find;

Who does believe that for more than 1 second?

Re:FTX collapse, Tether operations have linked to online-pok... by astrange on Monday November 14, 2022 @09:20PM (#33604456)
Well, you could read it like I do, or you could just make things up. Murc's Law (everything good or bad is the Democrats' fault) has been the basic law of all US reporting for the last decade or two though.

They published three stories in the last week about how Democrats winning the election just now is bad news for Democrats.

https://twitter.com/nytimes/status/1591444463963947009

https://www.nytimes.com/2022/11/13/opinion/democrats-are-blo...

https://twitter.com/nytimes/status/1591944164240814080

Some of the NYT journalists like Peter Baker are so bothsides they don't even vote in elections!

https://www.nytimes.com/2020/03/02/reader-center/political-i...