FTX’s Sam Bankman-Fried Backtracks On $1 Billion Political Donation, Calls It ‘Stupid Quote’

Founder and CEO of Cryptocurrency Exchange FTX, Sam Bankman Fried, announce He can donate up to $1 billion in the US presidential election in 2024.

But it now appears that he is reversing his earlier statement. at recent days an interviewBankman Fried called it a “stupid quote”.

“I think my messages were sloppy and inconsistent in some cases,” Bankman-Fried said.

Earlier, he had remarked, “I’m going to guess north of $100 million. As for how much more, I don’t know. It really depends on what’s going on. It really depends on exactly who’s running, where and why, and these things are very urgent.”

Bankman Fried is said to have spent nearly that $40 million for political action committees and campaigns across Protecting our future PAC this year. Most of the money goes to the Democratic Party and its candidates.

“At some point, when you’re sending your message out to voters, there’s not much you can do,” Bankman-Fried said in the interview.

Bankman-Frierd said he is holding off on any additional political spending.

Read also: ‘Everything Is Broken’ In 2022, Not Just Crypto, FTX CEO Bankman-Fried Says Mooch

“Honestly, I could try to talk about pandemic preparedness in a general election. But most voters will sayAnd the “That’s cool, but like, I’m a Democrat” or “I’m a Republican.” So this won’t move it enough for me to go through all the other issues.”

Earlier in June, Bankman-Fried vows to cede majority From his fortune to charities.

FTX It revolves around the lending company beleaguered by the percentile. In addition, FTX.US recently won a tender to purchase voyager digitala crypto investment firm that filed for Chapter 11 bankruptcy in July of this year.

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See also: Sam Bankman-Fried welcomes comparisons to JP Morgan’s crypto bailouts: ‘I thought it was the right thing for the industry’

Are you ready for the next round in the cryptocurrency space? Be prepared before it happens! Hear from industry thought leaders like Kevin O’Leary and Anthony Scaramucci at Benzinga Conference: The Future of Cryptography On December 7th in New York City.

Photo: Courtesy FTX

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