members House Financial Services Committee They received hundreds of thousands of dollars from Sam Bankman-Fried and others at his now-bankrupt cryptocurrency company FTX.
Nine members of the House Financial Services Committee received FTX money totaling just over $300,000, according to a review of Federal Election Commission records by Washington Free Lighthouse.
Bankman-Fried was a major shareholder to the Democratic candidates during the midterm election cycle, channeling most of his donations through a political action committee called the Protect Our Future PAC.
Rep. Choy Garcia, D- From Illinois, he is the only committee member to publicly pledge to return a $2,900 contribution from FTX leaders. The legislator was also the recipient of a nearly $200,000 advertising campaign funded by the Protect Our Future PAC.
Bankman-Fried transferred an estimated $262,200 to Republicans throughout the 2021-2022 election cycle, according to FEC records. His contributions to Republicans pale in comparison Almost 40 million dollars contributed to it Democratic campaigns but still a significant amount, compared to most Americans.
When asked if Democrats who received campaign money from FTX should return it, committee chair Rep. Maxine Waters said, “Well, I don’t want to get into that. Actually, both sides, Democrats and Republicans, are donations. So thank you.”
Overall, in 2021 and 2022, Bankman-Fried She donated nearly $38 million to various candidates and political action committees, mainly giving his money to Democratic candidates and left-wing groups, according to Federal Election Commission (FEC) filings.
Despite this, the majority of his political donations have gone to Protect Our Future PAC, a group founded in January dedicated to promoting candidates committed to preventing future pandemics.
On Wednesday, it was Bankman Fried Hit a class action lawsuit It was filed by investors alleging that he and other high-profile celebrities — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law and caused consumers to suffer more than $11 billion in damages.
Fox News’ Kristin Altos and Tomas Catenacci contributed to this report.
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