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It's a strange read, because the article forgets to mention how crypto companies have influenced the politics in the USA with their money. The former FTX CEO cl
by idoubtit 4y ago
It's a strange read, because the article forgets to mention how crypto companies have influenced the politics in the USA with their money. The former FTX CEO claims he gave more than 1 b$ to Democrats, and the same amount to the Republicans (but anonymously). And that's just the legal donations, there were other activities, like invitations of influencial people to high-class event.
I don't assert that some political representatives were bought, of course it can't happen in such a democracy with high moral standings, but maybe these billions of dollars had a purpose?
- JumpCrisscross 4y ago> maybe these billions of dollars had a purpose? Tens of millions, not billions [1]. Profligacy whose purpose seems to have been to convince retail investors he had an in on the Hill. Plenty of people spend tens of millions and buy nothing more than press and photo ops. Until we see evidence of policy pressure, I am concluding he was another rich numpty. [1] https://www.opensecrets.org/elections-overview/biggest-donors?cycle=2022 https://www.opensecrets.org/elections-overview/biggest-donor...
- eli_gottlieb 4y agoI do assert that political representatives can be bought, but of course they're not exactly going to stay bought when the industry goes bust and the checks stop coming in.
- nextaccountic 4y ago> anonymously How is this even possible? If political donations aren't attributed to the donor, couldn't foreign nations just donate too?
- asdajksah2123 4y agoForeign nations do donate to US politicians. I thought this was obvious. Ever since Citizens United (and more accurately, subsequent Supreme Court rulings which strengthened aspects of Citizens United), unlimited secret donations are not just possible, they're the norm.