Bankman-Fried made Agriculture panel members focus of marketing campaign help
Rep. Glenn “GT” Thompson, R-Pa., who is anticipated to chair the Home Agriculture Committee within the subsequent Congress, captured essentially the most direct donations to panel members from FTX executives. Thompson launched a bipartisan invoice this 12 months that may give the CFTC jurisdiction over cryptocurrency spot markets and buying and selling venues.
Bankman-Fried donated $50,000 to a joint fundraising committee serving Thompson’s marketing campaign, management PAC and the Nationwide Republican Congressional Committee. Each he and Salame additionally donated $5,800 to Thompson’s marketing campaign.
FTX executives and employees gave the utmost donations allowed or almost the utmost to a number of Senate Agriculture members’ campaigns, together with to 4 of the 5 different co-sponsors of the Stabenow-Boozman invoice. Bankman-Fried donated $10,800 to the campaigns and management PACs of Sens. John Thune, R-S.D., and Kirsten Gillibrand, D-N.Y.; $5,800 to Sen. Joni Ernst, R-Iowa; and $5,700 to Sen. Cory Booker, D-N.J.
FTX executives additionally donated to lawmakers on different committees that would assert jurisdiction over the cryptocurrency sector, together with the panels overseeing banking and monetary markets, power, tax and authorities spending insurance policies.
Salame specifically unfold donations throughout influential committees. He donated $2,900 every to the 21 Republicans on the Home Power and Commerce Committee who ran for reelection. He additionally donated to 23 of the 26 Republicans on the Home Appropriations Committee.