Archive for the ‘political campaigns’ Category

So, which political campaigns did FTX bankroll?

December 16, 2022

That’s what I’ve been wondering.

The MSM headlines say that FTX-SBF supported both Democratic and GOP political candidates and causes.


Bankman-Fried has claimed that he gave just as much to GOP causes. Source


Well. according to WaPo :

Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, was a prolific political donor, pumping about $40 million this cycle alone into campaign committees and other groups, mostly aligned with Democrats.

Hmm. Mostly to Democrats.

What constitutes “mostly”?

WaPo dug through Federal campaign filings, to catalog SBF’s political largesse.

Below are the entities that got more than $1 million.


One PAC — Protect Our Future — got $27 million … 67% of the $40 million.

According to Politico:

Protect Our Future is a Democratic political action committee aiming to support “lawmakers who play the long game on policymaking in areas like pandemic preparedness and planning.”

OK, that alone blows SBF’s claim of statistically significant bipartisan giving.

Going down the list of big beneficiaries, the GMI PAC — which got $2 million — says it supports crypto-friendly candidates.

Maybe some of the GMI-supported candidates were Republicans…

The rest of the Top 5 list are clearly Dem-aligned.

And , in aggregate, the Top 5 account for $37.3 million… 93% of the $40 million.

Bottom line: Practically all of SBF’s donations went to Democrats.

Not exactly a shocker…

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