Politicians are giving back their donations from disgraced FTX founder

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By Stacy Elliott, Decrypt.com

2nd December 2022 – (Washington) U.S. politicians, many of them Democrats, have been very publicly returning—or giving away—campaign donations from former FTX CEO Sam Bankman-Fried.

Even before his crypto exchange and trading desk, FTX.com and Alameda Research, filed for Chapter 11 bankruptcy protection, Bankman-Fried was drawing criticism for the $46.5 million he donated to political candidates. 

public spreadsheet shared by OpenSecrets.org, a nonprofit that tracks U.S. campaign finance and lobbying, shows that the vast majority of those donations have gone to Democrats. The $46.5 million total ranks Bankman-Fried second only to Democratic mega donor George Soros.0 seconds of 53 minutes, 55 secondsVolume 90% 

What follows is a list of politicians who’ve returned or said they were re-donating the money received from Bankman-Fried to a charitable organization. Their returned or re-donated contributions represent $1.2 million of Bankman-Fried’s political contributions—roughly 3% of all his campaign donations.

Among the politicians who received money from Bankman-Fried but either haven’t returned or re-gifted the money (or haven’t said publicly that they did) are: Sens. John Boozman (R-AR) and Debbie Stabenow (D-MI), who co-sponsored the Digital Commodities Consumer Protection Act; Sen. Bob Menendez (D-NJ), who’s been vocal in calling for stronger investor protections after FTX’s collapse; House Speaker Nancy Pelosi (D-CA); and Mitt Romney (R-UT).

The full list of recipients can be found on OpenSecrets.

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