billfriedman9987 t1_j07fk42 wrote
Reply to comment by Electr_O_Purist in Sen. Pat Toomey blocks landmark reform legislation to fight global money laundering by cpr4life8
I’m saying that it happens on both sides. For example, SBF donated millions to the Democratic Party and is now under arrest. Both sides are corrupt.
Electr_O_Purist t1_j07gfef wrote
SBF is not an elected official, nor is he someone who has run for office, your argument is invalid and “both sides”-ism is pathetic as fuck. You can’t make a point suggesting that corruption can exist within the left and then suggest that it’s equivalent to the fact that the right is corruption incarnate.
billfriedman9987 t1_j07gotg wrote
You are missing the point. That is now the money was laundered. I know he didn’t run for office, but he illegally funded those who were.
Atrocious_1 t1_j07tyh9 wrote
He funded republicans. Also who cares about crypto, you tech nerds got your unregulated free market, you should enjoy it
billfriedman9987 t1_j07uvau wrote
He funded both, you are right, but FAR more for the democratic candidates. I do not care about Crypto, but this was the means to launder large amounts of money and then the rug was pulled and people lost everything.
Atrocious_1 t1_j07v2ej wrote
Again, you got your unregulated, decentralized market. Enjoy what you've sown
steelceasar t1_j07v5xx wrote
Not only did he fund Republicans but unlike his contributions to Democrats, those contributions were made explicitly through dark money groups to create the appearance that he was a supporter of Democrats. His only real motivation was to make it easier to rip off people in his crypto ponzi scheme.
billfriedman9987 t1_j07wq9a wrote
>The complaint by CREW quotes an interview with Bankman-Fried, who is known as SBF, that suggests he donated up to $37 million or more to GOP-linked campaign efforts in a manner that avoided legally required public disclosure of those contributions.
Most of Bankman-Fried’s publicly disclosed campaign contributions, which totaled nearly $40 million in the 20222 election cycle, went toward Democrats, FEC records show.
But FTX donated $1 million to the Senate Leadership Fund, a super PAC aligned with Republican Senate Minority Leader Mitch McConnell of Kentucky.
The source of that contribution, according to the filing, is labeled as being West Realm Shires Services, the trading name for FTX.
West Realm Shires Services also contributed $750,000 to the Congressional Leadership Fund, a super PAC that backs Republicans running for House seats and supported by the House Republican leadership.
​
That's a good article and as I said money is going to both parties, but I wasn't aware it was so close.. Looks like just a touch more went to democrats, but still both at ~$40m.
We need to get big money out of politics.
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