DOLING OUT DOLLARS: Crypto Guy Says He Could Spend $1 Billion Backing Democrats in 2024

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Democratic billionaire Sam Bankman-Fried, the 30-year-old founder of cryptocurrency exchange FTX, said in a podcast interview that he was planning to spend “north of $100 million” with a “soft ceiling” of $1 billion backing Democrats in 2024. A $1 billion would greatly exceed spending records, at least in “hard money”—dollars given to candidates, parties, PACS, and other groups that report to the Federal Election Commission.

The late Republican Sheldon Adelson currently holds the record for hard money spent in a single election cycle; in 2020, he and his wife donated $218 million, according to Open Secrets. Bankman-Fried specified that his political spending plans depend on the 2024 landscape, and said his spending would likely go up in Trump ran. Read more at NBC News.

13 COMMENTS

  1. Crypto has gone down a lot lately, maybe by the election time he will have a lot less money to waste, if the whole crypto scam doesn’t go kaput entirely by then.

  2. Guess why he likes democrats so much?
    Aren’t they out for the little guy and should tax living daylights out of his billions?
    He knows something most of us don’t… Dems make billionaires richer at the little guy’s expanse!
    $10/gal gas won’t stop him from flying his privet jet! If anything, there be less air traffic!

  3. Crypto is a great parnasa and hishtadlus. Just listen to one of these heimishe experts speak at a conference. I always carry around a few Bitcoins in my pocket in case I get hungry and need to stop into a grocery store to buy a bag of chips.

  4. Nothing to worry about. The Democrat party is gone and so is the Republican party with the new Restored Republic of the United States now running under the original 1776 Constitution.

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