Former FTX CEO Sam Bankman-Fried and allies lose gatekeepers to Washington as company collapses

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Former FTX CEO Sam Bankman-Fried and his allies are losing key gatekeepers to Washington as his company collapses.

the company and the industry at large. The moves by some in Washington to distance themselves from FTX followed a broader push by the company and key executives to ingratiate themselves with policymakers.

​Eliora Katz, a former aide to Republican Sen. Pat Toomey who was listed on disclosure reports as FTX's sole in-house lobbyist, no longer works at the company, according to a person familiar with the matter. It is unclear when exactly she left, or if she resigned or was fired from the job. Lobbying disclosure reports show that FTX spent $540,000 on in-house lobbying in the second and third quarters of this year combined.

"Our relationship with FTX was terminated early last week and we will not be representing FTX in any capacity moving forward," Graves said in an email. Wetjen was a CFTC Commissioner under former President Barack Obama. A spokesman for the crypto trade group told CNBC that "on Thursday, ADAM removed FTX.com and FTX.US from its membership." The group added that "the removal stemmed from the recently discovered fraudulent behavior by FTX."from the Crypto Council for Innovation, a separate crypto industry trade group.

 

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Do some real journalism you lackeys

The dude gave $40M to the Democrats, and the only politicians cited in the article was a $2,900 donation to (D) Dick Durbin and a lobbyist for (R) Pat Toomey. How about the $5M to Biden's reelection and the 2nd biggest Democratic donor of the midterms?

Any chance there’s a ponzu scheme behind some of this?

Big money laundering scandal coming with the democratic campaign committee and ftx, yikes

Zero accountability - erase the exposure - muddy the water of evidence

There were signs

Wow, this is such a surprise!

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FTX founder Sam Bankman-Fried in the Bahamas as customers’ billions go missing in company collapseFTX underwent a $16 billion implosion amid reports that co-founder Sam Bankman-Fried had been funneling money to a sister trading company. He’s been caught Who’s his mommy? He started out in the Bahamas already - if that’s not a red flag in itself - and since fled to Argentina or Brazil.
Source: nypost - 🏆 91. / 67 Read more »