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Crypto Exchange FTX Bats Down DC Super PAC Story
The crypto derivatives exchange said it had “no plans to establish any PAC or super PAC.”
FTX has denied a Decrypt story on Monday that the cryptocurrency derivatives exchange would be creating a political action committee (PAC) that would operate in Washington and be led by its founder and CEO, Sam Bankman-Fried.
- “FTX has no plans to establish any PAC or super PAC nor are we looking to hire any director,” the company said in a statement.
- The Decrypt article cited two unnamed sources “familiar with the matter,” and said that FTX would “advocate for crypto interests” through the PAC.
- In separate tweets on Monday evening, FTX and Bankman-Fried also denied the Decrypt story. “I have no idea where the recent PAC-related rumors are coming from,” Bankman-Fried tweeted.
- A source at another crypto exchange told CoinDesk they knew FTX is looking for lobbyists but hadn’t heard of any PAC plans.
While we're excited to engage with regulator worldwide, including in Washington, I have no idea where the recent PAC-related rumors are coming from. https://t.co/4M6GvDE1T5
— SBF (@SBF_FTX) October 5, 2021
STORY CONTINUES BELOW
if it wasn't clear the story is false
— FTX (@FTX_Official) October 4, 2021
James Rubin
James Rubin was CoinDesk's Co-Managing Editor, Markets team based on the West Coast. He has written and edited for the Milken Institute, TheStreet.com and the Economist Intelligence Unit, among other organizations. He is also the co-author of the Urban Cyclist's Survival Guide. He owns a small amount of bitcoin.
