At least three prominent Democratic groups are vowing to set aside donations from disgraced FTX founder Sam Bankman-Fried as the fallout from his cryptocurrency firm's collapse continues to fester.
Bankman-Fried, also known as SBF, had donated about $40 million to Democrats and also made"dark money" contributions to Republicans. Three Democrat-aligned groups that received donations from him are planning to relinquish those funds, per the Associated Press.“We will return as soon as we receive proper direction in the legal proceedings,” Daniel Wessel, a DNC spokesman, told the news outlet.
Since his fall from glory, critics have raised questions about his influence on Capitol Hill, with records showing him making a wide array of donations to members of Congress. Some, such as Rep. Jim Costa , have expressed their intent to return or donate funds they received from the cryptocurrency mogul.
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