\n
The founder of the now-defunct crypto exchange FTX, Sam Bankman-Fried (SBF), met with senior White House officials at least four times over the course of a year.
\n\n\n\n
According to the visitor logs, his brother Gabriel also had contact with the U.S. president’s administration.
\n\n\n\n
\n\n\n\n
According to Bloomberg, SBF had other meetings not disclosed in the records. The last of them took place on September 8, just before the exchange’s collapse, with White House senior adviser Steve Raketti.
\n\n\n\n
Other FTX executives also took part in talks with White House officials.
\n\n\n\n
According to sources, the meetings were not about policy. They discussed regulatory questions for the crypto industry and the fight against the COVID-19 pandemic.
\n\n\n\n
Ahead of the 2022 midterm elections, SBF made multi-million-dollar donations to the Democratic Party. Meanwhile, one of his former top executives, Ryan Salame, became a major donor to Republicans.
\n\n\n\n
The ties accused of fraud founder of FTX with the White House drew attention from the community.
\n\n\n\n
FTX CEO Sam Bankman-Fried reportedly had four meetings at the White House leading up to the 2022 midterm elections.
Biden needs to explain what his administration was doing meeting so often with crypto fraudster SBF.
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) December 29, 2022
“[U.S. President Joe] Biden must explain why his administration met so often with the crypto fraudster SBF,” said artist and politician Paul A. Szypula.
\n\n\n\n
In 2020, the former head of FTX donated $5.22 million to Biden’s campaign fund, placing him among his largest sponsors.
\n\n\n\n
Earlier, the court released SBF on bail of $250 million. The media reported his willingness to plead guilty to charges of defrauding investors and stealing client funds.
\n\n\n\n
Follow ForkLog’s bitcoin news on our Telegram — cryptocurrency news, prices and analysis.
\n