SBF's comments come just days after he handed $16 million to Super PACs.
The CEO of cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, believes he would donate anywhere between $100 million and $1 billion during the 2024 United States presidential election campaign.with American Journalist Jacob Goldstein, SBF asserted that he would spend something “north of a $100 million.” When suggested if the upper bound figures of his donation would be around $1 billion, the exec said it was possible and called it a “soft ceiling.
“As for how much more than that, I don’t know. It really does depend on what happens. It’s really dependent on exactly who’s running where for what Yeah, I think that’s a decent thing to look at, as a sort of…I would hate to say hard ceiling, but at least as sort of a soft ceiling, I would say, yeah.”
It is worth noting that SBF, a relative newcomer to political spending, made the second-largest donation to President Joe Biden’s 2020 campaign, giving $5.2 million. Biden’s campaign received $79.5 million from his top 100 donors, as opposed to Donald Trump’s $75 million. More recently, the crypto executive donated over $10 million to support Carrick Flynn, a candidate in a Democratic primary for a congressional seat in Oregan. However, the candidate lost by a significant margin.spent $16 million on politics outside spending groups in April this year. Out of the total amount, $10 million went to Protect Our Future, while the rest of $6 million was given to the House Majority PAC, which is connected to the House Speaker Nancy Pelosi.