Posted on 05/24/2022 11:36:30 PM PDT by blam
Sam Bankman-Fried, the founder and CEO of cryptocurrency exchange FTX, is willing to spend over $100 million on his preferred candidate in the 2024 election.
What Happened: In a recent podcast interview with Jacob Goldstein, Bankman-Fried said he had a “soft cap” of $1 billion that he would likely spend on supporting his ideal candidate in a presidential campaign.
Goldstein asked whether the FTX chief was going to be a big spender on campaigns in the next election cycle, to which Bankman-Fried responded that it would largely depend on who would be running.
“Let’s say Donald Trump runs for President. Would that cause you to probably give a lot of money to the person who was running against him,” asked Goldstein.
“That’s a pretty decent guess,” replied Bankman-Fried, who explained that he would be looking less at the political party itself and would focus his attention on “sane governance.”
Bankman-Fried believes that the U.S. has a big responsibility to the world to shepherd the west in a powerful, but responsible, manner.
“Everything that we do there has massive, massive ripple effects on what the future looks like,” he said.
The billionaire entrepreneur is known to have made significant donations to political campaigns in the past. In 2022, he made a $23 million donation to a single Political Action Committee (PAC).
Bankman-Fried is also a big believer in Proof-of-Stake blockchains and their role in the future of cryptocurrencies. Earlier this month, he said Bitcoin BTC/USD has “no future as a payments network.”
FUGLY...SUPER FUGLY!
Hey writer...what PAC??
Living proof that one can make a lot of money and have zero common sense political acuity.
Pasty faced little puke
“Sane governance”
I’m wondering if he thinks that’s what we currently have
That’s wonderful that Bankman-Fried is willing to put One Billion Dollars back into circulation. Bring it on..........
Sounds like he’s trying to buy favor with the Democrats.
The free market cryptocurrencies are a problem for the Democrats who want to control all aspects of life - especially the money supply.
For those not into crypto, let me explain who SBF is. The “financial mafia”....ie a lot of the institutions and institutional money is behind him. He was I believe, the 2nd largest donor to Brandon in 2020. He’s behind FTX which is gunning to be one of the larger crypto exchanges. He’s also one of the big backers of Solana (SOL) which is one of the top 10 cryptos.
In truth, Solana’s technology is pretty questionable (it has crashed repeatedly) but it had a tremendous run up in the last crypto boom last year because everybody knows SBF and his institutional backers are behind it....ie its got a massive amount of money backing it. For that reason, its not a bad investment if you can get it at a good price.
At any rate, when you see Sam Bankman-Fried, think of him as a young face of the Financial Establishment. That’s basically what he is.
How much did he give Bidet?
A fool and his money are soon parted.
He should ask Big Soda Bloomberg how it feels to piss away a billion dollars on futile campaign efforts.
Maybe the new Republican Musk will see his billion and raise him 5.
Aren’t these the nitwits who have their logo on all of the Major League Baseball umpire uniforms?
Kind of ruins the impartiality meme doesn’t it? ⚾️⚾️
maybe he will buy brandon another ticket back to the white house. that’s sane governance, right?
Time to find another exchange. The idiot should have just kept his mouth shut.
Thanks for that.
I don't care what you think. If you're going to start whining, go somewhere else.
The left is is always looking for new avenues for their money laundering operations.
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