The judge approved the delay in the forfeiture of approximately $40 million in FTX PAC political donations.

Odaily Odaily News: U.S. Attorney Damian Williams said 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 "confiscability of funds" submitted by former FTX CEO Sam Bankman-Fried (SBF) to several political action committees (PACs). His office is continuing to discuss with SBF's lawyers the issue of sending funds to five PACs in 2022. Committees that focus primarily on the Democratic Party include the House Majority PAC, the Senate Majority PAC, FF PAC, FF USA Action, EMILYs List, and GMI PAC. Judge Lewis Kaplan approved the prosecutor's request to extend the deadline for PACs to submit third-party requests from July 26 to September 13. Before the FTX collapse, SBF donated approximately $40 million directly to political candidates and PACs in 2022. (Cointelegraph)