FTX Exchange Boosted Biden Election with $5.2 Million Donation
The mega donation places the crypto derivatives exchange in the top-20 contributors to the Biden campaign.
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According to OpenSecrets.org, one of the largest crypto derivatives exchanges, FTX, donated $5.2 million to Joe Biden’s 2020 presidential campaign. The size of the donation puts the exchange in the top-20 campaign contributors.
FTX Boosts Biden Campaign
The total size of Biden’s donations ended up at $937 million versus Trump’s $595 million, which may have given Joe an edge. At the time of writing, he leads with 264 electoral votes over Trump’s 214. Vote counting is still underway.
The Future Forward PAC that @teddyschleifer wrote about today just filed:
$29 million from dark money FF USA Action
~$22m Dustin Moskovitz
$5m Samuel Bankman-Fried
$6m Jeff & Erica Lawson
$2.5 dark money Sixteen Thirty Fund
$2.5m Eric Schmidt
$1 m Patty Quillin
— Shane Goldmacher (@ShaneGoldmacher) October 20, 2020
If Biden becomes a president, large donors like Bankman-Fried may benefit from it. Consequently, FTX donation may stir positive sentiment among lawmakers in the United States.