Crypto, Politics, and Power: How Musk and Soros Shape 2025 US Politics

Market Elon Musk John Deaton Bankman-Fried

Jan, 07, 2025

< 1 min read

by Coin Edition

for CoinEdition

Big Money in Politics: Crypto Billionaires Influence Campaigns

Sam Bankman-Fried donated $70M to political campaigns for access to key regulators.
Harris and Future Forward spent $2.5B in 15 weeks, raising audit calls.
Soros influences politics globally, while Musk faces backlash for his donations.

John E. Deaton, a crypto lawyer and XRP advocate, recently used his X account to highlight how big money has shaped US politics.

Deaton pointed to Sam Bankman-Fried (SBF), the former CEO of FTX, who donated $70 million to political campaigns during the 2022 midterms, mostly supporting Democratic causes.

The truth is we need to get big money out of politics. The Bernie Madoff of Crypto, @SBF_FTX, donated $70M in the 2022 midterms for Democrats, coming only second to George Soros.

At his trial for the @FTX_Official Fraud, testimony proved SBF donated $10M to Biden’s… https://t.co/tE0EGvud5a
— John E Deaton (@JohnEDeaton1) January 7, 2025

Deaton noted that SBF contributed $10 million to President Biden’s administration, hoping to secure access to key regulators like Gary Gensler at the Securities and Exchange Commission (SEC) and officials at the Commodity Futures Trading Commission (CFTC).

Kamala Harris Fundrais…

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