Sam Bankman-Fried, the head of cryptocurrency exchange FTX, has reversed his comments that he would donate up to $1 billion in the next U.S. presidential election slated to take place in November 2024.
In an interview with Politico's Morning Money published on Friday, the FTX founder said: “That was a dumb quote on my part. I think my messaging was sort of sloppy and inconsistent in some cases.”
That is bad news for Democrats who have been looking for more funding to drive their campaigns against Republicans for the election race.
Bankman-Fried said that releasing his fortune in the days before elections wouldn’t do much to elevate his policy priorities. The billionaire has been a vocal advocate for crypto regulation and pandemic preparedness.
The FTX boss said despite talking to voters, spending more time, money, and anything else on such activities, he may not accomplish anything more.
Bankman-Fried, who was in Washington for conference appearances this week, said: “I think...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...