SBF was donating crazy amounts of money to Democrat PACs -
https://newrepublic.com/article/169104/sam-bankman-fried-ftx...
No word on if those Democrats or PACs will give back the dirty money
https://newrepublic.com/article/169104/sam-bankman-fried-ftx...
No word on if those Democrats or PACs will give back the dirty money
> Some of the “Blockchain Eight,” as the Prospect termed them in March, have benefited from crypto largesse. Five of the eight members received campaign donations from FTX employees, ranging from $2,900 to $11,600. Rep. Ted Budd (R-NC), one of the signatories, received half a million dollars in support from a Super PAC created by FTX co-CEO Ryan Salame.
> More consequentially, Emmer was the head of the National Republican Congressional Committee, the campaign arm for House Republicans, this year. The NRCC’s associated super PAC, the Congressional Leadership Fund, received $2.75 million from FTX in the 2022 cycle; $2 million from Salame in late September, and $750,000 from the company’s political action committee.
> That money helped House Republicans win the majority in 2022. Though FTX has been portrayed as a Democratic firm, thanks to the high profile of former co-CEO Sam Bankman-Fried, the company sprinkled around campaign donations fairly evenly, with a shade over 50 percent going directly to congressional Republicans and a shade under 50 percent to Democrats this cycle.
> In an email, the SEC declined to comment. Six of the eight congressmembers have yet to respond
https://prospect.org/power/congressmembers-tried-to-stop-sec...
>No word on if those Democrats or PACs will give back the dirty money
Now you're just straight up lying on something that happened 10 days ago.
Almost all of SBF's donations were during the primary, and he made almost no donations during the general election. This means his money might have helped influence who showed up on the November ballots he didn't spend anything to help one party win over the other.
In contrast, almost all of the FTX's GOP spending, and all of the FTX executive's donations to the GOP, were during the general election cycle, and specifically to the GOP House races. This means that the GOP owes it's current majority in the house directly to stolen money donated to it by FTX and FTX executives.
That's not how it works. There is no rule that says that donations made during the primary season cannot be spent by the campaign after the primary.
In contrast, almost all of the FTX-related donations to the GOP were given during the general cycle meaning that they were specifically given to help elect candidates. This means the GOP actually benefited more from FTX money than the Dems, and explains why McCarthy is focusing his efforts on committee assignments rather than on going after FTX.
Money doesn't work that way. Money is fungible. There is nothing about contribution x that distinguishes it from contribution y once both are received, or prevents x from being used for the same purpose as y.
Further,
>In contrast, almost all of the FTX-related donations to the GOP were given during the general cycle meaning that they were specifically given to help elect candidates. This means the GOP actually benefited more from FTX money than the Dems
The other way around. Money given later in an election cycle means there is less time to use it.
So I'm going to leave this conversation, since it's clear that you're coming from a position of ignorance and there's no point in continuing this conversation until you spend time reading a primer on campaign finance laws.
Yes, in terms of individual contribution limits, and various other rules. However, not in the context that we have been discussing, which is using primary contributions in the general election. As the FEC explains <https://www.fec.gov/help-candidates-and-committees/candidate...>:
>As previously noted, should the candidate lose the primary election, contributions accepted for the general election must be refunded, redesignated or reattributed within 60 days and may not be used to repay primary election debt. Therefore, candidate committees should ensure they have enough cash on hand to make those refunds if needed.
>Candidates running in the general election, however, may spend unused primary contributions for general election expenses. The contributions would continue to apply toward the contributors’ limits for the primary. [My emphasis] In addition, the campaign of a candidate running in the general election may use general election contributions for primary election debts; the contributions would still count against the contributor’s general election limits.
As I said, this is why donating earlier is better than donating later, and why your claim that "The FTX money was used to select candidates but not to elect them" is meaningless.
Of course you won't pay attention to the above, since you've already pontificated that
>So I'm going to leave this conversation, since it's clear that you're coming from a position of ignorance and there's no point in continuing this conversation until you spend time reading a primer on campaign finance laws.
Sheesh.
https://www.opensecrets.org/elections-overview/biggest-donor...
https://www.opensecrets.org/outside-spending/donor_detail/20...
https://www.businessinsider.com/ftx-sam-bankman-fried-donate...
> Meanwhile, Ryan Salame, a fellow FTX senior executive, donated more than $23 million primarily to Republican candidates and efforts.
https://www.opensecrets.org/elections-overview/biggest-donor...
Based covered, with donor alignment selected for optics and press value.
If you look at donations based on when they were made, the GOP was the overwhelming recipient of FTX money for the general election in November, i.e., the election that mattered.
Meanwhile, just because a donation is received during the primary season doesn’t mean it can’t be spent during the general election period, when the candidate in question wins the primary.
Soros and SBF are first and second as Democrat top donors
https://www.opensecrets.org/elections-overview/biggest-donor...
The premise still stands that SBF was biggest personal contributor.
he was not, Soros outweighs him, so does Bloomberg, i do not see your point
The FTX money was all above board from that perspective. Taking money back from parties that FTX paid seems very unlikely.