Will Democrats Pay Off Crypto Crook’s Debts?

Will Democrats Pay Off Crypto Crook's Debts?

According to the Washington Post newspaper, since 2020 the founder of the stock exchange Sam Bankman-Fried (hereinafter: SVP) has donated at least 40 million dollars to political campaigns, most of the donations to politicians from the left-wing party. The paper’s analysis indicates that SVP has donated to dozens of political organizations, with the largest recipient being Save Our Future, which engaged in “philanthropy” and actually funded dozens of Democratic candidates and received $27 million. SBP; “Most of the House” (i.e., Congress), supported Democratic candidates and received about $6 million from it; GMI, which received $2 million to focus on crypto-friendly candidates; $1.3 million for United America, which promoted and embraced Latino candidates; SMP, which promoted Democratic candidates and received $1 million; Another 37 organizations received thousands of dollars. In the last two rounds of elections in the US, SVP contributed to the promotion of a total of 61 candidates, of which 51 were Democrats and 10 were Republicans.


After a newspaper analysis following Bankman-Fried’s arrest and news of money invested in Democratic politicians, the Democratic National Convention — i.e., the party itself — told The Verge website, “In light of Bankman-Fried’s allegations of campaign finance (law) violations, we have ordered the fund to return $815,000 in donations since 2020.” Submitting. We will return (them) as soon as appropriate instruction is received within the framework of legal proceedings.” Along with the party, the Democratic Senate Campaign Committee and the Democratic Congressional Campaign Committee announced that they would return 103,000 and 250,000, respectively, that the crypto-tycoon donated to them.

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