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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Lets 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.<\/p>\n
Thats a pretty decent guess, replied Bankman-Fried, who explained that hewould be looking less at the political party itself and would focus his attention on sane governance.<\/p>\n
Bankman-Fried believes that the U.S. has a big responsibility to the world to shepherd the west in a powerful, but responsible, manner.<\/p>\n
Everything that we do there has massive, massive ripple effects on what the future looks like, he said.<\/p>\n
The billionaire entrepreneuris 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).<\/p>\n
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.<\/p>\n
See Also: PROOF OF STAKE VS PROOF OF WORK<\/p>\n
Price Action: According to data from Benzinga Pro, BTC was trading at $29,755, down 2% over the last 24 hours.<\/p>\n
Photo: Courtesy of Cointelegraph via Wikimedia<\/p>\n
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FTX Chief Willing To Spend $1B Against Donald Trump In 2024 - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading