The silence is deafening.
Justice Department and SEC investigation
FTX's collapse was always going to be messy, but the fact that Bankman-Fried and his right-hand-man Ryan Salame donated tens of millions to politicians ahead of the 2022 election cycle? That complicates things further. According to a, most of the politicians that received donations from the FTX leadership pair — some $72 million to a bipartisan but Democrat-heavy mix — have been eerily quiet on whether they'll give the money back., most simply declined to respond.
"I knew that this was a very risky financial instrument, and these guys were likely to come to a bad end," she told. Bordeaux lost the Democratic primary to Lucy McBath, who benefited from $1.9 million in ads from one of Bankman-Fried's PACs. That's a fair point to make. Despite surging in popularity, cryptocurrencies still go largely overlooked by the US government. Yet with crypto's recent downturns and its propensity for enabling fraud and hyper-risky investments, there's more pressure on lawmakers now than ever to devise new laws on the rampant industry.
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