TAKE IT TO THE BANK: Dems silent on returning millions in donations from FTX founder
and the Senate Majority PAC together received $7 million from Bankman-Fried over the past two years, according to the Washington Post. Among Bankman-Fried's long list of charges are accusations that he conspired to violate campaign finance laws with eight-digit donations, raising questions for any political group that received funding from him.
Neither Democratic PAC would say whether it has plans to return any of the donations from Bankman-Fried, according to WaPo. Neither organization immediately responded to a request for comment from Fox News Digital.Sam Bankman-Fried, founder and former chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview.
U.S. Speaker of the House Rep. Nancy Pelosi speaks as she introduces President Joe Biden during the 2022 House Democratic Caucus Issues Conference. the 2022 midterm cycle,The disgraced crypto billionaire was arrested in the Bahamas on Monday evening, just as federal prosecutors in New York filed charges against him. The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission also filed charges against him on Tuesday.
Chairwoman Rep. Maxine Waters, D-Calif., and ranking member Rep. Patrick McHenry, R-N.C., prepare for the House Financial Services Committee hearing titled Investigating the Collapse of FTX, Part I. Bankman-Fried was denied bail during a hearing in the Bahamas on Tuesday. He was scheduled to testify remotely to the House Financial Services Committee on Tuesday, but his arrest prevented his appearance.
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