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The head of FTX will not finance politicians

The head of FTX will not finance politicians

CEO of cryptocurrency exchange FTX Sam Bankman-Fried called his words about his willingness to spend up to $1 billion on the U.S. presidential election in 2024 “nonsense”. He said this in an interview with Politico.
In May, Bankman-Fried said he planned to donate “more than $100 million” throughout the election cycle. After asking for an upper limit on possible spending, the top executive cited $1 billion.

“At some point, when you get your message out to voters, there’s just nothing more you can do. You can spend more time, messages, money, everything else, [but] you’re not going to get anything else done,” he explained.

Bankman-Fried has spent nearly $40 million this year, most of which has gone to the Democratic Party of the United States and its candidates.

To recap, FTX won the auction for Voyager Digital.


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