Former FTX Executive Nishad Singh Donating Millions Of Dollars To Democratic Party
Sam Bankman-Fried, the former CEO of FTX, wasn’t the first business executive to contribute significantly to Democratic Party-affiliated initiatives. According to more than a dozen Federal Election Commission documents examined by CNBC, Nishad Singh discreetly started supporting Democrats a year after taking over as the company’s director of engineering.
Following a brief stint at Alameda Research, Singh joined FTX in 2019, and after the 2020 elections, he would donate more than $13 million to Democrats, according to CNBC, which cited state and federal campaign records.
According to CNBC, at least $8 million from Singh went to Democratic causes in the 2022 election cycle.
This included $1 million for a PAC supporting Joe Biden’s presidential campaign, $2 million for the Senate Majority PAC, a combined $4 million for Reproductive Freedom for All, and an additional $1 million for Mind the Gap, a super PAC started by Bankman-Fried’s mother.
Singh’s single political contribution before obtaining a top position in Sam Bankman- Fried‘s crypto enterprise was $2,700 to Rep. Sean Casten, D-Ill., in 2018.
Singh is ranked number 31st on the list of big donors to outside spending groups by nonpartisan campaign watchdog OpenSecrets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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Former FTX Executive Nishad Singh Donating Millions Of Dollars To Democratic Party
Sam Bankman-Fried, the former CEO of FTX, wasn’t the first business executive to contribute significantly to Democratic Party-affiliated initiatives. According to more than a dozen Federal Election Commission documents examined by CNBC, Nishad Singh discreetly started supporting Democrats a year after taking over as the company’s director of engineering.
Following a brief stint at Alameda Research, Singh joined FTX in 2019, and after the 2020 elections, he would donate more than $13 million to Democrats, according to CNBC, which cited state and federal campaign records.
According to CNBC, at least $8 million from Singh went to Democratic causes in the 2022 election cycle.
This included $1 million for a PAC supporting Joe Biden’s presidential campaign, $2 million for the Senate Majority PAC, a combined $4 million for Reproductive Freedom for All, and an additional $1 million for Mind the Gap, a super PAC started by Bankman-Fried’s mother.
Singh’s single political contribution before obtaining a top position in Sam Bankman- Fried‘s crypto enterprise was $2,700 to Rep. Sean Casten, D-Ill., in 2018.
Singh is ranked number 31st on the list of big donors to outside spending groups by nonpartisan campaign watchdog OpenSecrets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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