CandleFocus Crypto, Politics, and Power: How Musk and Soros Shape 2025 US Politics
2025-01-07
Author: Content Editor
John E. Deaton, a crypto lawyer and XRP advocate, highlighted the influence of big money in US politics. He pointed out that Sam Bankman-Fried, the former CEO of FTX, donated $70 million to political campaigns during the 2022 midterms, mostly in support of Democratic causes. Deaton also mentioned contributions made by SBF to President Biden's administration in hopes of gaining access to key regulators. Additionally, Deaton discussed the significant spending by Kamala Harris and Future Forward SuperPac, prompting calls for an audit of how the funds were used. The article also touched on the political contributions of billionaire philanthropist George Soros and the criticisms faced by Elon Musk for his involvement in politics.
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