Crypto Billionaire Could Spend $1 Billion in 2024

[applegrove]

Crypto Billionaire Could Spend $1 Billion in 2024

May 24, 2022 at 5:06 pm EDT By Taegan Goddard 21 Comments

https://politicalwire.com/2022/05/24/crypto-billionaire-could-spend-1-billion-on-2024-election/

"SNIP.......

“Democratic billionaire Sam Bankman-Fried says he could spend $1 billion or more in the 2024 election, which would easily make him the biggest-ever political donor in a single election,” NBC News reports.

“Bankman-Fried, the 30-year-old founder of the cryptocurrency exchange FTX, said in a podcast interview released Tuesday that he expects to give ‘north of $100 million’ in the next presidential election and has a ‘soft ceiling’ of $1 billion, with his spending likely to be on the higher end if former President Donald Trump runs again.”

......SNIP"

He's a Democrat.

[TheRealNorth]

1. While I am not going to preach unilateral disarmament....

It's a sad state when cryptobillionaires have such an outsized ability to influence elections.

[applegrove]

2. I totally agree.

[JanMichael]

7. Same here. But with the way things are I am glad he is mostly on the good side.

I said "mostly" because I have no idea about how left he really is.

Seems a bit like the Amazon fortune person (The lucky person that divorced Bezos) who is giving away millions if not billions to good causes.

[Scrivener7]

3. Spend it on ads showing how the GQP is screwing its base, Sam. And start soon, please!

[Patterson]

4. In a few months he may be a crypto thousandaire.

[Celerity]

6. his wealth is not from holding BTC, he is an exchange owner, his wealth is only down 3 billion usd

(24 billion down to 21 billion usd) from its high

https://www.forbes.com/profile/sam-bankman-fried/?sh=126eb62f4449

[JT45242]

5. Koch brothers have done double that for Congress last few cycles

The koch brothers went around $200 million in 2018 and 2020. So, we need a lot more like this.

Or better yet, overturn citizen united so billionaires can't buy elections