.BetoORourke returned $1 million campaign donation from Sam Bankman-Fried, campaign claims
Lawmakers continue to be under public and legal pressure to return campaign donations from Bankman-Fried, who poured in $40 million this election cycle, mostly to boost Democrats. However, O'Rourke actually returned the $1 million four days before Election Day for a reason unrelated to the scandals linked to Bankman-Fried, his campaign said."This contribution was unsolicited, and the campaign’s upcoming [Texas Ethics Commission] report will show that it was returned back on Nov.
Bankman-Fried, 30, was hailed as a cryptocurrency genius prior to the unraveling of FTX, a cryptocurrency exchange he founded in 2019. The Justice Department and the Securities and Exchange Commission are now investigating FTX to see whether it funneled billions of dollars worth of customer money to support Alameda Research, another cryptocurrency company Bankman-Fried founded in 2017.
However, when asked by Fox Business whether Democrats should return campaign money they received from Bankman-Fried, Waters dodged the question. FTX's co-founders have collectively spent almost $71 million this election cycle boosting Democrats and Republicans, the Washington Examiner reported. This spending coincided with a spike in cryptocurrency lobbying of Congress as companies seek to avoid a possible regulatory crackdown.
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