FTX CEO Spent $40 Million In US Midterm Election

Sam Bankman-Fried, 6th largest individual donor in US elections

The cryptocurrency industry has spent millions of dollars into the U.S. midterm elections.

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Crypto traders see 2023 as a pivotal year for regulation.

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According to OpenSecrets' biggest individual donor list, Sam Bankman-Fried has contributed $40 million to campaigns this election cycle.

This makes Sam Bankman-Fried the sixth-largest individual donor in the United States.

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According to OpenSecrets, the bulk of spending went to supporting Democrats.

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Congress is expected to advance legislation on digital commodities and stablecoins.

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Crypto companies are eager to back political candidates who support the industry.

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