Some U.S. lawmakers donate SBF political donations to charity

2022.11.22 22:57

FTX founder Sam Bankman-Fried (SBF) is donating millions to lawmakers during the 2022 midterm cycle. But after FTX filed for bankruptcy protection, some politicians rushed to get rid of crypto-pegged cash.

Some U.S. lawmakers have donated campaign donations from controversial donors to charity, with the first lawmakers to donate Bankman-Fried cash being Rep. Chuy Garcia, D-Illinois, and Kevin Hern, R-Oklahoma.

The pair donated their FTX-pegged cash to charity. So did Sen. Kirsten Gillibrand (D-N.Y.), co-author of a sweeping cryptocurrency regulation bill, who donated Bankman-Fried’s $5,800 donation to a New York City charity. .

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