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This Crypto Exchange CEO Is One of Joe Biden’s Largest Donors

November 06, 2020

A notable cryptocurrency exchange is among the top twenty Biden 2020 presidential campaign donors.

According to the non-profit campaign donor tracker OpenSecrets.org, FTX founder Sam Bankman-Fried has donated $5.2 million to Joe Biden’s 2020 presidential campaign.

FTX sits at number seventeen among the top twenty donors, not trailing far behind Google, which took the twelfth spot donating roughly $6.4 million to Biden’s campaign.

In total Biden’s campaign raised $1.3 billion compared to Trump’s $863.5 million. Together the candidates have inspired what will be the highest voter turnout since 1900.

FTX further involved itself in the 2020 race by offering users futures contracts that allowed them to bet on the outcome of the election.

The presidential 2020 contracts expire at either $1 if the chosen candidate wins or $0 if they lose.

In a Twitter thread on election day, Bankman-Fried warned users that the results may come in slowly and they must be patient.

“This may be one of the ugliest election nights. There is a lot of arguing over votes, ballots, and procedures, and small changes can have large impact. Something that disqualigies 5% of ballots in a single state could well swing the election.”

Furthermore, Trump is signaling that he is unlikely to concede the election if it is at all contested, and may claim victory if it’s close. There is a real chance that two candidates will claim victory tonight. That would be a shitshow.”

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Featured Image: Shutterstock/Ryan Rodrick Beiler