Michigan senator received $55,600 from FTX employees before leading crypto bill (www.washingtonexaminer.com)

(The Center Square) – U.S. Sen. Debbie Stabenow, D-MI, received at least $55,600 in donations this year from employees of FTX, a cryptocurrency exchange platform that declared bankruptcy after allegedly misusing client funds.



Posted by Boyd Carter

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  1. Quoting from the article:

    “Coindesk reported that FTX founder Sam Bankman-Fried consistently met with regulators and lawmakers and pushed for crypto regulation, including lobbying for the Digital Commodities Consumer Protection Act, Stabenow’s bill. The bill seeks to give the CFTC more authority to regulate digital commodities like FTX.

    Bankman-Fried tweeted on Oct. 18, 2022, “I’m optimistic that the Stabenow-Boozman’s bill will provide customer protection on centralized crypto exchanges without endangering the existence of software, blockchains, validators, DeFi, etc. If I were convinced I was wrong about that, I would not support it.”

    Bankman-Fried backed Stabenow’s bill and paid bill cosponsor Sen. John Boozman, R-Arkansas, $8,700; cosponsor Sen. Kirsten Gillibrand, D-N.Y., $5,800, and cosponsor Sen. Cory Booker, D-N.J,. $5,700, according to FEC records.”

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