en
Back to the list

FTX's Sam Bankman-Fried Backtracks on $1B Political Donation, Calls it 'Dumb Quote'

Other

www.coindesk.com 14 October 2022 12:54, UTC
  
Reading time: ~2 m

Sam Bankman-Fried, the head of crypto exchange FTX, in an interview with Politico's Morning Money backtracked on his remarks to donate up to $1 billion in the next U.S. presidential election.

Earlier this year, the billionaire had said that he would spend “north of $100 million” on future political campaigns. In the Politico interview, SBF, as he is popularly known, took back the statement, calling it a "dumb quote."

SBF has spent almost $40 million on super PACs and campaigns this year, the bulk of it going to the Democratic party and its candidates. He was one of the single-largest donors behind Joe Biden's successful 2020 presidential campaign.

“At some point, when you've given your message to voters, there's just not a whole lot more you can do,” Bankman-Fried said. “You can spend more time on it, and more messaging, more money, more anything else, [but] you're not accomplishing anything more.”

Read more: FTX's Bankman-Fried Is Already a Political Mega-Donor. He's Doubling Down


   Source
Back to the list

Similar news
Suggest news