The US judge approved the delay in the seizure of FTX's PAC political donations.

This article is machine translated
Show original
According to Cointelegraph, U.S. Attorney Damian Williams stated in a document filed with the U.S. District Court for the Southern District of New York on July 26 that he requested more time to evaluate the "fund confiscation" proposed by former FTX CEO Sam Bankman-Fried (SBF) to several political action committees (PACs). Judge Lewis Kaplan approved the prosecutor's request, extending the deadline for PACs to submit third-party requests from July 26 to September 13. Before FTX collapsed, SBF donated approximately $40 million directly to political candidates and PACs in 2022.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments