Cryptocurrency News

What will happen to donations from SBF

2022.12.14 01:50

What will happen to donations from SBF
What will happen to donations from SBF

What will happen to donations from SBF

Budrigannews.com – White House press secretary, Karine Jean-Pierre, declined to respond to inquiries from a journalist on whether US president Joe Biden will return the $5.2 million in crusade gifts recently given by FTX organizer Sam Bankman-Broiled.

“Will the president give that back?” Zeke Miller, a reporter for the Associated Press, posed the question, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” at a press briefing on December 13.

Jean-Pierre replied, “I’m covered here by the Hatch Act,” stating that she was “limited on what I can say.”

She said, referring to the Democratic National Committee, the governing body of the United States Democratic Party, of which Biden is a member, “Anything that’s connected to political contributions, from here I would have to refer you to the DNC.” Biden is a member of the DNC.

A federal law known as the Hatch Act forbids employees of the executive branch of government from participating in political campaign activities.

Miller pressed, “I’m asking the president’s opinion, though.” Jean-Pierre stated once more that she was “covered by the Hatch Act,” and he added:

“I just can’t talk to political contributions or anything related to that I cannot speak about it from here.”

Miller asked Jean-Pierre once more for her opinion on Biden, but she said she couldn’t talk about it because she couldn’t “even his opinion, even his thoughts about the contributions, donations — cannot speak […] about that from here.” Miller pushed for her opinion.

On December 13, Bankman-Fried was charged with violating contributions laws, obstructing the Federal Election Commission’s functions, and making contributions in the names of others, among other violations of campaign finance laws.

With $5.2 million in contributions, he was the second-largest “CEO-contributor” to Biden’s 2020 presidential campaign, trailing only media mogul Micheal Bloomberg’s $56 million in contributions.

The founder of FTX was also a major individual donor in the 2022 midterm elections, contributing $36.8 million to Democratic candidates, making him once more the second-largest Democratic party donor in the cycle.

More Australian tokens will be in 2023-Treasury

According to public records, Bankman-Fried contributed just over $240,000 to Republicans during the midterm elections. However, in an interview with cryptocurrency vlogger Tiffany Fong on November 16, he acknowledged making so-called “dark money” contributions, stating that he “donated about the same to both parties.”

Due to the bankruptcy proceedings, politicians who received political donations from Sam Bankman-Fried and other FTX executives may be required to return the funds to the bankruptcy trustee.

According to a previous Cointelegraph report, political donations made by FTX employees could be recalled for up to $73 million to pay off the failed exchange’s creditors.

In an effort to distance themselves from the company and its donations, some politicians have already given their money away to charity.

What will happen to donations from SBF

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 64,288.22 0.12%
ethereum
Ethereum (ETH) $ 3,500.89 0.26%
tether
Tether (USDT) $ 0.999839 0.02%
bnb
BNB (BNB) $ 586.92 0.27%
solana
Solana (SOL) $ 134.54 1.16%
staked-ether
Lido Staked Ether (STETH) $ 3,500.53 0.29%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.486458 0.65%
dogecoin
Dogecoin (DOGE) $ 0.12505 1.11%
the-open-network
Toncoin (TON) $ 7.26 1.37%
cardano
Cardano (ADA) $ 0.384687 0.56%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 0.98%
tron
TRON (TRX) $ 0.119814 1.05%
avalanche-2
Avalanche (AVAX) $ 26.14 5.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 64,211.20 0.27%
chainlink
Chainlink (LINK) $ 13.81 4.27%
polkadot
Polkadot (DOT) $ 5.75 1.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 391.48 1.44%
uniswap
Uniswap (UNI) $ 9.93 1.72%
near
NEAR Protocol (NEAR) $ 5.24 2.79%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,636.65 0.30%
litecoin
Litecoin (LTC) $ 74.29 1.55%
leo-token
LEO Token (LEO) $ 5.73 0.84%
matic-network
Polygon (MATIC) $ 0.571779 1.53%
dai
Dai (DAI) $ 0.999232 0.07%
pepe
Pepe (PEPE) $ 0.000011 0.11%
internet-computer
Internet Computer (ICP) $ 8.28 0.42%
fetch-ai
Fetch.ai (FET) $ 1.49 5.98%
kaspa
Kaspa (KAS) $ 0.149364 2.75%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,521.47 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 23.52 1.12%
aptos
Aptos (APT) $ 6.90 0.84%
monero
Monero (XMR) $ 162.86 0.37%
render-token
Render (RNDR) $ 7.55 0.89%
hedera-hashgraph
Hedera (HBAR) $ 0.078451 2.46%
stellar
Stellar (XLM) $ 0.091221 1.84%
cosmos
Cosmos Hub (ATOM) $ 6.78 1.47%
mantle
Mantle (MNT) $ 0.806164 0.98%
arbitrum
Arbitrum (ARB) $ 0.805504 0.13%
okb
OKB (OKB) $ 41.83 0.18%
crypto-com-chain
Cronos (CRO) $ 0.093239 0.66%
filecoin
Filecoin (FIL) $ 4.41 0.29%
blockstack
Stacks (STX) $ 1.66 0.34%
immutable-x
Immutable (IMX) $ 1.58 0.97%
first-digital-usd
First Digital USD (FDUSD) $ 0.999296 0.19%
maker
Maker (MKR) $ 2,460.52 1.30%
sui
Sui (SUI) $ 0.89271 0.58%
vechain
VeChain (VET) $ 0.026182 2.48%
injective-protocol
Injective (INJ) $ 21.17 2.36%