US Political Elite Under Pressure to Repay FTX Contributions Before Deadline
It is widely recognized that lawmakers in Washington, D.C. and U.S. political action committees received significant funds from FTX, its co-founder Sam Bankman-Fried (SBF), and top executives. Estimates indicate that SBF and the FTX team donated an estimated $90 million to U.S. bureaucrats and political organizations since the exchange’s inception. For example, SBF and former FTX executives Nishad Singh and Ryan Salame donated roughly $70.1 million to the Democratic and Republican parties for the 2022 midterm election cycle.
