Crypto Exchange FTX Bats Down DC Super PAC Story


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.