Public records of Sam Bankman-Fried's money show it primarily went to support Democratic committees and candidates.
, the founder and former CEO of cryptocurrency exchange FTX, made about $40 million in political donations in the 2022 election cycle, according to a CBS News review of Federal Elections Commission campaign finance data.
Under federal campaign finance law, candidates are supposed to have no say or knowledge of outside groups spending on independent expenditures to support or oppose them. in late November that his donations to Republicans were roughly equal to those he made to Democrats, but that"all my Republican donations were dark." He also said he made all of these donations during the primary contests.
"West Realm Shire Services," listed as the official PAC for FTX, gave $1 million to Senate Minority Leader Mitch McConnell's Senate Leadership Fund, as well as $750,000 to House Minority Leader Kevin McCarthy's Congressional Leadership Fund. Salame also donated $13 million to the"American Dream Federal Action" hybrid PAC, which spent $12.2 million on independent expenditures to support Republican Senate and House candidates such as Republican Rep. Rodney Davis of Illinois and Senator-elect Katie Britt of Alabama. Singh made more than $12 million in donations, with $2.25 million going to Women Vote!, the independent expenditure arm for Emily's List; $1.
Sen. Bill Cassidy, a Republican from Louisiana who is up for re-election in 2026, received $5,800 from him in August 2021. Cassidy spokesperson Ty Bofferding said the campaign is not keeping the donation"and is planning to contribute the funds to an appropriate cause." Two notable Democrats, incoming House Minority Leader Hakeem Jeffries and Senate Majority Whip Dick Durbin, also picked up contributions from Bankman-Fried, and are planning to donate the funds they received, according to Bloomberg.
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