The collapse of FTX crypto exchange will go down as one of the biggest financial disasters in American history.
One of the most significant facts about the saga is the resounding lack of criticism or outrage by the media and political establishment.
Now some earth-shaking facts are coming to light and it’s becoming increasingly clear why lawmakers are turning a blind eye.
FTX collapse is followed by silence from many lawmakers
The FTX disaster hasn’t gotten much press in the past few weeks considering it impacted millions of investors – costing individuals and institutions billions of dollars.
It’s a difficult thing to wrap your head around considering the level of impact it has had on the crypto industry.
Maybe it’s because the people in the biggest positions of power and influence were receiving money from the founder, Sam Bankman-Fried (SBF).
According to Open Secrets he has contributed heavily to Democrats, in what might have been an insurance plan for days such as this.
Nearly 100% of Protect Our Future PAC was donated by Sam Bankman-Fried
SBF contributed $28 million to Protect Our Future PAC which was nearly 100% of the dollars raised by that group in the 2021-2022 election cycle.
The left-leaning PAC was focused on preventing future pandemics and establishing ongoing federal funding for such projects.
He also gave $6 million to the House Majority PAC and another $3 million to Senate Majority PAC.
Both PACs were focused on supporting Democrat candidates to hold the Congress and push forward with the leftist agenda.
SBF also donated over $1 million to the LGBTQ Victory Fund.
They “provide campaign, fundraising and communications to increase the number of openly LGBTQ elected officials—because representation is power.”
SBF founded organization “to support the $30 billion in funding” for pandemic research
It might not be a big concern that he was heavily donating to Democrats, but he has also been on the receiving end of government funding.
Guarding Against Pandemics was created in 2020 and according to Influence Watch was created by SBF “to support the $30 billion in funding for public health projects to prevent future pandemics in the $3.5 trillion budget reconciliation bill proposed by the Biden administration.”
All SBF had to do was help get the bill passed and did so by running an advertising campaign in the Washington, D.C. area.
When it did pass, his organization was awarded the supportive role.
He then had a large influence on how government money was being spent on pandemic research projects.
He’s also working to collect money “quietly” from billionaires in Silicon Valley
In addition to his involvement with Guarding Against Pandemics, SBF also helps run Mind the Gap.
According to Influence Watch, this PAC was created to pull money from Silicon Valley executives “who are keen on quietly funneling massive political donations into the Democratic Party.”
SBF seems to really like the idea of technocratic overlords.
So, to recap, the founder of a cryptocurrency exchange that recently collapsed hasn’t been getting any attention from lawmakers.
This man also is the second largest Democrat donor in the 2021-2022 election cycle and has managed billions of dollars for the government.
Even if there isn’t direct collusion happening, everyone should be concerned about this.
America needs the whole story and we need it now.
US Political Daily will keep you up-to-date on any developments to this ongoing story.