FTX has denied a Decrypt story on Monday that the cryptocurrency derivatives change could be making a Political Action Committee (PAC) that will function in Washington, D.C., and be led by its founder and CEO Sam Bankman-Fried.
- “FTX has no plans to establish any PAC or super PAC nor are we looking to hire any director,” the corporate stated in a press release.
- The Decrypt article cited two unnamed sources “familiar with the matter,” and stated that FTX would “advocate for crypto interests” via the PAC.
- In separate tweets Monday night, FTX and Bankman-Fried additionally denied the Decrypt story. “I have no idea where the recent PAC-related rumors are coming from,” Bankman-Fried tweeted.
- A supply at one other crypto change instructed CoinDesk they knew FTX to be on the lookout for lobbyists however hadn’t heard of any PAC plans.
While we're excited to have interaction with regulator worldwide, together with in Washington, I do not know the place the latest PAC-related rumors are coming from. https://t.co/4M6GvDE1T5
— SBF (@SBF_FTX) October 5, 2021
if it wasn't clear the story is fake
— FTX – Built By Traders, For Traders (@FTX_Official) October 4, 2021