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Sam Bankman-Fried donated $40M to the Democratic Party, making him the second-biggest donor of the party.

by lzooz 4y ago

pjc50 4y ago
Like most political donors, he gave to both sides. https://www.forbes.com/sites/zacheverson/2022/11/11/checks--imbalances-sam-bankman-frieds-political-donations-how-billionaires-fared-in-the-elections/?sh=3e8130fa3433 https://www.forbes.com/sites/zacheverson/2022/11/11/checks--... " The $69 million spent by Bankman-Fried and his deputies on the 2022 midterms likely would’ve done little to plug FTX’s reported financial hole, but it couldn’t have hurt. Bankman-Fried told Forbes last month that “in the end, I care about policy more than politics,” adding that “my giving has been bipartisan, and my goal is to help support great policy makers.” Bankman-Fried has supported Republicans during this cycle, primarily through his $2 million contribution to the blockchain and cryptocurrency-focused GMI super PAC. But the bulk of his giving, including $27 million to the Protect Our Future super PAC and $6 million to the House Majority super PAC, has gone to support Democrats. Bankman-Fried told Forbes last month that “much of this was for primaries, rather than D vs R general elections” ($33 million of his contributions were made during the first four months of 2022.) "
- hunterb123 4y ago
  $67 million (D) vs $2 million (R) is significant. It also depends who it was given to.
- yonaguska 4y ago
  I'd be interested to know exactly which primaries he donated to. The two sides are not Democrat/Republican, it should be finally obvious to everyone else after these midterms that the sides are actually Trump Republicans vs Democrats+GOP.
  - pjc50 4y ago
    Eh, all political parties have significant internal factionalism which isn't very well reported. That's why the US has primaries. It's just remarkable how well coalition discipline holds within the Republican party - any Republican will back any other Republican, at least in public. It seems SBF was backing/bribing pro-crypto candidates.
    - yonaguska 4y ago
      I guess you have to be paying attention then, to see the splits. The Republican party right now is certainly not holding any sort of coalition. Liz Cheney, Murkowski, Mitch McConnell, Kevin McCarthy, and several others pretty much declared war on Trump based Republicans since 2020. They'd been opposing them long before, but they're finally out in the open about it. The democrat party also has it's own set of establishment Neocons that work to keep the populists in check. Which is why Bernie will never win a primary.
jimcavel888 4y ago
deleted 4y ago
[deleted]

Sam Bankman-Fried donated $40M to the Democratic Party, making him the second-biggest donor of the party.

by lzooz 4y ago

Sam Bankman-Fried donated $40M to the Democratic Party, making him the second-biggest donor of the party.

Like most political donors, he gave to both sides. https://www.forbes.com/sites/zacheverson/2022/11/11/checks--imbalances-sam-bankman-frieds-political-donations-how-billionaires-fared-in-the-elections/?sh=3e8130fa3433 https://www.forbes.com/sites/zacheverson/2022/11/11/checks--... " The $69 million spent by Bankman-Fried and his deputies on the 2022 midterms likely would’ve done little to plug FTX’s reported financial hole, but it couldn’t have hurt. Bankman-Fried told Forbes last month that “in the end, I care about policy more than politics,” adding that “my giving has been bipartisan, and my goal is to help support great policy makers.” Bankman-Fried has supported Republicans during this cycle, primarily through his $2 million contribution to the blockchain and cryptocurrency-focused GMI super PAC. But the bulk of his giving, including $27 million to the Protect Our Future super PAC and $6 million to the House Majority super PAC, has gone to support Democrats. Bankman-Fried told Forbes last month that “much of this was for primaries, rather than D vs R general elections” ($33 million of his contributions were made during the first four months of 2022.) "

hunterb123 4y ago
$67 million (D) vs $2 million (R) is significant. It also depends who it was given to.
yonaguska 4y ago
I'd be interested to know exactly which primaries he donated to. The two sides are not Democrat/Republican, it should be finally obvious to everyone else after these midterms that the sides are actually Trump Republicans vs Democrats+GOP.
- pjc50 4y ago
  Eh, all political parties have significant internal factionalism which isn't very well reported. That's why the US has primaries. It's just remarkable how well coalition discipline holds within the Republican party - any Republican will back any other Republican, at least in public. It seems SBF was backing/bribing pro-crypto candidates.
  - yonaguska 4y ago
    I guess you have to be paying attention then, to see the splits. The Republican party right now is certainly not holding any sort of coalition. Liz Cheney, Murkowski, Mitch McConnell, Kevin McCarthy, and several others pretty much declared war on Trump based Republicans since 2020. They'd been opposing them long before, but they're finally out in the open about it. The democrat party also has it's own set of establishment Neocons that work to keep the populists in check. Which is why Bernie will never win a primary.

jimcavel888 4y ago

deleted 4y ago

[deleted]