Disgraced crypto bro Sam Bankman-Fried donated $5.2 MILLION to Biden’s 2020 campaign

Among those at the top of the list was then presidential candidate Joe Biden, whose campaign received over $5 million from Bankman-Fried and FTX in 2020.

Jarryd Jaeger Vancouver, BC
On Tuesday, the Department of Justice announced that FTX co-founder and former CEO Sam Bankman-Fried had been charged with “conspiracy to defraud the Federal Election Commission and commit campaign finance violations” following revelations that he misappropriated customer funds to make donations to US political candidates.

Among those at the top of the list was then presidential candidate Joe Biden, whose campaign received over $5 million from Bankman-Fried and FTX in 2020.

According to New York Magazine's Intelligencer, Bankman-Fried donated $5.2 million to Biden and a number of groups that supported his run for president, making him the second highest funder of the campaign behind former New York City mayor Michael Bloomberg.

In a February 2021 interview, Bankman-Fried said his decision to hand over millions to the Biden campaign was motivated by the soon-to-be president's "generic stability and decision-making process," not by support for any particular policy.

Despite his massive contribution, Bankman-Fried never spoke with Biden, however he said the opportunity would be "super cool." 

"There are a lot of things I could talk his ear off about," he said, "but I'm pretty sure he wouldn't give a sh*t."

Following the collapse of FTX and downfall of Bankman-Fried, White House Press Secretary Karine Jean-Pierre was asked whether Biden would be returning the $5.2 million. Citing the Hatch Act, she deflected questioning to the Democratic National Committee, also refusing to answer whether the president personally thought his campaign should return the money alongside the numerous other political candidates who received donations from Bankman-Fried and FTX.

According to crypto expert @unusual_whales, Bankman-Fried and FTX handed out $42 million in donations to Democrats and Republicans alike, with vast majority going to the former. The funds were split between contributions to individual candidates, and Political Action Committees.

Among those who received money from the disgraced crypto bro were members of Maxine Waters' House Finance Committee, the same people who are now investigating FTX's collapse.

Nine members of Waters' committee had received donations from SBF to the tune of $300,000, however only one member has since returned the money.

Waters has long been friendly with Bankman-Fried, even going so far as to blow him a kiss following a hearing last year.

"In Congress, which is also supposed to be overseeing the finance sector, Maxine Waters, who chairs the Financial Services Committee, was palling around with Sam Bankman Fried," FOX News' Tucker Carlson pointed out. "That's a pretty good deal. You're running a scam, and the regulators are on your side."


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