Ex-FTX engineering chief Nishad Singh gave $2 million.
During the midterm elections, SBF was the Democratic Party’s second-largest contributor.
The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million.
According to CNBC, a PAC spokesperson said that the decision to refund the money was made because of “serious allegations against FTX.” The PAC claims it needs “proper direction from federal law enforcement officials based on their legal proceedings” before it can refund the funds.
Tainted Money To Be Returned
Such a move wouldn’t be unprecedented for a Democratic organization. Democratic Senatorial Campaign Committee and Democratic Congressional Campaign Committee both agreed to return FTX donations. Democratic National Committee
We współpracy z: https://thenewscrypto.com/democratic-pac-plans-to-return-3m-in-donations-from-ftx/
