The post Big Money in Politics: Crypto Billionaires Influence Campaigns appeared on BitcoinEthereumNews.com.

Sam Bankman-Fried donated $70M to political campaigns for access to key regulators.   Harris and Future Forward spent $2.5B in 15 weeks, raising audit calls.   Soros influences politics globally, while Musk faces backlash for his donations. John E. Deaton, a crypto lawyer and XRP advocate, recently used his X account to highlight how big money has shaped US politics. Deaton pointed to Sam Bankman-Fried (SBF), the former CEO of FTX, who donated $70 million to political campaigns during the 2022 midterms, mostly supporting Democratic causes. The truth is we need to get big money out of politics. The Bernie Madoff of Crypto, @SBF_FTX, donated $70M in the 2022 midterms for Democrats, coming only second to George Soros. At his trial for the @FTX_Official Fraud, testimony proved SBF donated $10M to Biden’s… https://t.co/tE0EGvud5a — John E Deaton (@JohnEDeaton1) January 7, 2025 Deaton noted that SBF contributed $10 million to President Biden’s administration, hoping to secure access to key regulators like Gary Gensler at the Securities and Exchange Commission (SEC) and officials at the Commodity Futures Trading Commission (CFTC). Kamala Harris Fundraising and Democratic Audit Calls Deaton also mentioned Kamala Harris and Future Forward SuperPac’s combined spending of $2.5 billion in just 15 weeks. Lindy Li, a Democratic National Committee member, reported that Vice President Harris raised $1.5 billion, while Future Forward raised $1 billion. Prominent Democrats, including James Carville, are now demanding an audit to understand how the funds were used. Some have questioned how Vice President Harris managed to spend $1.5 billion in 15 weeks and still accrued a $20 million debt. Soros’ Global Political Impact Through Philanthropy The discussion also turned to George Soros, a billionaire philanthropist known for supporting progressive causes worldwide. Soros donated $140 million to nonprofit organizations in the US and $32 million to initiatives in Brazil…

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Filed under: News - @ January 7, 2025 11:26 am