SBF Says He Was Shocked By Democrats’ Crypto Stance Prior to FTX Collapse
The post SBF Says He Was Shocked By Democrats’ Crypto Stance Prior to FTX Collapse appeared on BitcoinEthereumNews.com.
Between his recent social posts referring to the Department of Government Efficiency (DOGE), an interview with The New York Sun and his conversation with conservative pundit Tucker Carlson, FTX CEO Sam Bankman-Fried seems to be attempting a media rehabilitation tour. Bankman-Fried suggested to Carlson on Thursday that one of the reasons he’d been given a harsh prison sentence was because he was getting closer to the Republican Party in the lead-up to his arrest. “One fact that might be relevant. In 2020 I was center-left and I gave to Biden’s campaign,” he said. “I was optimistic he’d be a sort of solid center-left President. I spent the next few years in [Washington] DC a lot. I made dozens of trips there, and was really, really shocked by what I saw, not in a good direction, from the administration.” “By late 2022 I was giving to Republicans privately as much as Democrats. And that started becoming known right around FTX’s collapse, so that probably played a role,” Bankman-Fried added. Bankman-Fried was found guilty of multiple charges of fraud and conspiracy in March 2024 and sentenced to 25 years in prison. He made over $40 million in political donations to 196 members of Congress, including former Speaker of the House Kevin McCarthy (R-Calif.) and former Senate Majority Leader Chuck Schumer (D-N.Y.). In other words, 1 in 3 lawmakers took money from him. Read more: Congress’ FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange’s Bosses During Bankman-Fried’s lengthy trial, it was revealed that he’d mulled a number of potential ways to rehab his public image following the collapse of FTX. An undated Google Doc listed ideas such as “come out against the woke agenda” and “Go on Tucker Carlsen, come out as a republican.” With the GOP now firmly in…
Filed under: News - @ March 7, 2025 5:22 pm