hit counter

Crypto billionaire Sam Bankman-Fried is the top Democrat donor in May, giving more than $800,000

According to Federal Election Commission records, the top donor to the Democratic National Committee as of May 2022 was cryptocurrency billionaire Sam Bankman-Fried.

Receipts published on the FEC website show that Bankman-Fried made five contributions last month totaling $865,000, all of which were made on either May 3 or May 5.

“I am very pleased that CA is taking the Blockchain Directive initiative to protect consumers, ensure oversight and help grow the economy. I look forward to working on this with @GavinNewsom!” he tweeted.

According to New York Times reporter Shane Goldmacher, Bankman-Fried’s last contribution of $500,000 was returned to him, but even without the half million dollars, he’s still the Democratic Party’s biggest contributor for the month.

A crypto billionaire could spend $1 billion on democracy in the 2024 election

Even $800,000 might be nothing compared to what the cryptocurrency billionaire wants to contribute in 2024.

In an interview with Pushkin Industries’ What’s Your Problem podcast, he hinted that he could end up spending $1 billion — possibly more — on the 2024 election.

“It really depends on what happens. It really depends on who’s running where and for what,” he said, adding: “[$1 billion] is a decent thing to consider as – I hate to say hard ceiling, because who knows what will happen by then – but at least as a kind of soft ceiling.


Sam Bankman Fried

Sam Bankman-Fried, Chief Executive Officer of FTX Trading Limited, speaks during a hearing of the House Committee on Financial Services on Capitol Hill on Wednesday, December 8, 2021 in Washington. (Photo by Jabin Botsford/The Washington Post via Getty Images/Getty Images)

At the same time, he said there was also a “very small” chance he wouldn’t donate funds to the Democratic Party in 2024 if he felt the campaigns were already safe.


Bankman-Fried said he wasn’t all that interested in partisan politics, but said he would put his money into “sound governance,” adding that he believed the US had a responsibility to lead the world in “powerful but responsible ways.” ‘ to ‘guard’.

Leave a Comment