• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Democrats Plan on Returning at Least $9.85M in FTX Donations

in Crypto Updates
Reading Time: 3 mins read
Democrats Plan on Returning at Least .85M in FTX Donations
6
VIEWS
Share on Facebook

Key Takeaways

  • Various political organizations belonging to the Democratic Party have announced they would return Sam Bankman-Fried’s donations.
  • At least $9.85 million will be sent back by the Senate Majority PAC, the House Majority PAC, the Democratic National Committee, the Democratic Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee.
  • Bankman-Fried is thought to have contributed more than $46.5 million to political campaigns in the last two years.

Share this article

One by one, U.S. political groups are announcing they will return the millions Sam Bankman-Fried donated to them.

Sending Back the Money

The U.S. political system is still dealing with the fallout of the FTX fraud.

According to CNBC, the pro-Democratic Senate Majority PAC announced today that it would seek to return $3 million in donations from former FTX CEO Sam Bankman-Fried and former FTX head of engineering Nishad Singh. Another political action committee, the House Majority PAC, has also declared its intention of returning the $6 million Bankman-Fried donated to it.

The Democratic National Committee, the Democratic Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee announced four days ago their intention to return the $815,000 in contributions they have received from Bankman-Fried in the last few years.  

According to Washington-based non-profit organization OpenSecrets.org, Bankman-Fried’s donations in the last two years reached a total of $46.5 million. That number could possibly be higher, if the SDNY’s allegations that he made political contributions under other people’s names turn out to be true. 

Bankman-Fried and the FTX group had contributed millions towards other organizations aligned with the Democratic Party. OpenSecrets claims that Protect Our Future received $27 million from the FTX group, while the House Majority PAC got $6 million, Future Forward USA $5 million, America United $1.3 million, and the Senate Majority PAC $1 million. Texan political candidate Beto O’Rourke was given $1 million as well, while the crypto political organization GMI PAC received a $2 million donation. CNBC’s report indicates that the Senate Majority PAC received its extra $2 million from Singh personally.

Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source link

 

Crypto Market Crash? What happened with FTX?


  • Trending
  • Comments
  • Latest
5 Bots for crypto trading in 2023

5 Bots for crypto trading in 2023

18 January 2023
Crypto Trading vs Stock Trading in 2023

Crypto Trading vs Stock Trading in 2023

19 January 2023
10 Crypto Trading Strategies You Need To Know

10 Crypto Trading Strategies You Need To Know

13 January 2023
How to trade cryptocurrency

How to trade cryptocurrency : for Beginners Guide

25 January 2023
most profitable coin to mine

The most profitable coin to mine in 2023

26 January 2023
How to trade cryptocurrency on Binance

How to trade cryptocurrency on Binance

27 January 2023
most profitable coin to mine

The most profitable coin to mine in 2023

26 January 2023
Looking back: 2022 on ethereum.org

Looking back: 2022 on ethereum.org

26 January 2023
Asia Broadband announces release date of Gold-Backed Baboons NFT collection

Asia Broadband announces release date of Gold-Backed Baboons NFT collection

26 January 2023
How to trade cryptocurrency

How to trade cryptocurrency : for Beginners Guide

25 January 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}