bitcoin
Bitcoin (BTC) $ 17,275.85
ethereum
Ethereum (ETH) $ 1,285.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 290.48
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.393271
dogecoin
Dogecoin (DOGE) $ 0.098476
cardano
Cardano (ADA) $ 0.315832
matic-network
Polygon (MATIC) $ 0.928479
polkadot
Polkadot (DOT) $ 5.45
staked-ether
Lido Staked Ether (STETH) $ 1,271.13
litecoin
Litecoin (LTC) $ 77.43
shiba-inu
Shiba Inu (SHIB) $ 0.000009
okb
OKB (OKB) $ 20.94
dai
Dai (DAI) $ 1.00
solana
Solana (SOL) $ 13.76
tron
TRON (TRX) $ 0.054195
uniswap
Uniswap (UNI) $ 6.23
avalanche-2
Avalanche (AVAX) $ 13.51
leo-token
LEO Token (LEO) $ 3.82
chainlink
Chainlink (LINK) $ 7.04
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 17,262.39
cosmos
Cosmos Hub (ATOM) $ 9.85
monero
Monero (XMR) $ 147.98
the-open-network
Toncoin (TON) $ 1.82
ethereum-classic
Ethereum Classic (ETC) $ 19.24
stellar
Stellar (XLM) $ 0.085742
bitcoin-cash
Bitcoin Cash (BCH) $ 111.98
quant-network
Quant (QNT) $ 122.68
crypto-com-chain
Cronos (CRO) $ 0.064903
algorand
Algorand (ALGO) $ 0.226629
filecoin
Filecoin (FIL) $ 4.44
near
NEAR Protocol (NEAR) $ 1.71
apecoin
ApeCoin (APE) $ 3.95
vechain
VeChain (VET) $ 0.019099
hedera-hashgraph
Hedera (HBAR) $ 0.048228
internet-computer
Internet Computer (ICP) $ 4.31
eos
EOS (EOS) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.60
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 45.20
flow
Flow (FLOW) $ 1.04
terra-luna
Terra Luna Classic (LUNC) $ 0.000175
frax
Frax (FRAX) $ 0.999457
axie-infinity
Axie Infinity (AXS) $ 8.20
the-sandbox
The Sandbox (SAND) $ 0.599140
tezos
Tezos (XTZ) $ 1.01
aave
Aave (AAVE) $ 63.48
theta-token
Theta Network (THETA) $ 0.878511
huobi-token
Huobi (HT) $ 6.55

Bankman-Fried says he won’t spend $1B on political donations

0

- Advertisement -


Sam Bankman-Fried, a leading crypto personality and founder of FTX crypto exchange, had previously suggested he would spend over $100 million and up to $1 billion on political donations.

Crypto billionaire Sam Bankman-Fried, who’s the founder of major cryptocurrency exchange FTX, is not going to splash hundreds of millions of dollars on political donations.

This comes after the crypto billionaire looks to have spent about $40 million in the current election cycle – the midterms set for November.

Bankman-Fried makes U-turn on campaign spending

According to Politico’s financial newsletter Morning Money, the FTX chief has changed tune on how much he is going to spend. 

The publication quotes Bankman-Fried as saying that his earlier comments about donating $100 million and up to $1 billion in the lead up to the 2024 US election was a huge slip on his part.

In May, Bankman-Fried said he was open to spending heavily into the US midterms – only weeks away now – and that he would put more into super political action committees and other campaign vehicles starting with the current election cycle.

But speaking to MM in a recent podcast, he noted the intention was to always reach a given limit despite widespread belief that the 30-year-old billionaire would go full blast as the campaigns heat up.

Explaining his U-turn, he said his $1 billion quote was “dumb” on his part. “I think my messaging was sort of sloppy and inconsistent in some ways,” he added in a quote MM cited on Friday.

According to Morning Money, Bankman-Fried’s flipping on this one doesn’t augur well for Democrats, the biggest beneficiaries of the crypto billionaire’s donations.

Indeed, the FTX founder has spent about $40 million on PACs and other campaign contributions in 2022, most of which has reportedly been to the Democratic Party. In 2020, Bankman-Fried was among the largest single political donors for Democratic Party candidate Joe Biden.

As CoinJournal recently covered, Bankman-Fried is open to moving his crypto company to the US once registration with the US Securities Exchange Commission is secured.



Source link

- Advertisement -

Leave A Reply

Your email address will not be published.

Shares