Cryptocurrency CEO Donated Second-Largest Amount to Joe Biden's Campaign

Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to Joe Biden's presidential campaign.

AccessTimeIconNov 5, 2020 at 9:08 a.m. UTC
Updated Sep 14, 2021 at 10:27 a.m. UTC

Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to former Vice President Joe Biden's presidential campaign, according to details revealed in The Wall Street Journal on Oct. 28.

  • The Hong Kong-based CEO gifted Biden's campaign a total of $5.2 million, behind only former New York Mayor Michael Bloomberg's $56 million donation.
  • Biden received $79.5 million from his top 100 donors, compared to Trump's $75 million.
  • While vote counting is still underway, the edge in donations may have proven effective in pushing Biden first over the finish line, although at press time it's still too early to say who has won for sure.
  • Bankman-Fried is a member of the wealthiest Democratic super PAC, Future Forward, which includes Facebook co-founder Dustin Moskovitz and former Google CEO Eric Schmidt.
  • The fund also includes Kathryn Murdoch, daughter-in-law of media mogul Rupert Murdoch, and Patty Quillin, wife of Netflix co-founder Reed Hastings, according to a report by the New York Times.
  • Future Forward was on pace to spend more than $108 million on television ads in support of Joe Biden in October, hoping to turn the tide among last-minute swing voters.
  • Other CEOs who donated larger amounts to Biden's campaign include Seth Klarman ($3 million) and Michael Sacks (around $1.7 million). Both are hedge fund managers.
  • CoinDesk reached out to Sam Bankman-Fried, who declined to be interviewed for this article.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)
CoinDesk - Unknown
CoinDesk - Unknown
Crypto News Roundup for July 7, 2022

With ether leading the way among altcoins plus a look at what may trouble DeFi in the future, CoinDesk’s “Markets Daily” is back with the latest news roundup.

CoinDesk - Unknown
CoinDesk - Unknown
CoinDesk Large Cap Select Index (DLCS)
CoinDesk - Unknown
CoinDesk - Unknown
First Mover Americas: ETH Climbs 4% and Traders Are Optimistic Over Upcoming Merge

The latest moves in crypto markets in context for July 7, 2022.

CoinDesk - Unknown