FTX execs gave campaign cash to 37% of Congress, including House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer, report says
Among those who received donations were House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer as well as many lawmakers who swore into the congressional ranks only this month, theAfter a series of reports and legal allegations emerged in November, however, lawmakers grew concerned that the FTX funds stemmed from a fraudulent source, and many of them have since moved to get rid of what they received.
Of the 53 campaigns that commented on the record to CoinDesk, 64% said they would forward the donated funds to nonprofit causes. Others said they would are in talks with the Justice Department to put aside the money until it can be used to help compensate FTX creditors. It remains to be seen whether political donations will be subject to clawbacks. If money was stolen, according to FTX's new leadership, then it isn't something that can be freely doled out via donations.
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