The millions of dollars FTX’s Sam Bankman-Fried and a top deputy donated to both Democrats and Republicans are drawing additional scrutiny from regulators and lawmakers.
Rep. Maxine Waters (D-Calif.), chair of the House Financial Services Committee, said in an interview with CNBC that she and her colleagues would be taking a closer look at the donations as it becomes increasingly clear SBF dipped into customer funds from the crypto exchange to fund bets at his trading company Alameda Research, among other spending.
“We will be a part of what is going on with these hearings and investigations, and we will do everything that we can to expose any violations that were obviously made,” Waters told CNBC last week.
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Article URL : https://fortune.com/crypto/2022/11/21/congress-investigates-sam-bankman-fried-ftx-political-donations/