Michigan Democratic Sen. Debbie Stabenow received at least $55,600 in donations this year from employees of FTX, a cryptocurrency exchange platform that declared bankruptcy after allegedly misusing client funds.
Then, Stabenow, who as Agriculture Committee chairwoman oversees the Commodities Future Trading Commission, a cryptocurrency regulator, sponsored legislation to regulate cryptocurrency.
Michigan Capital Confidential first reported the story, citing Federal Election Commission records.Coindesk reported that FTX founder Sam Bankman-Fried consistently met with regulators and lawmakers and pushed for crypto regulation, including lobbying for the Digital Commodities Consumer Protection Act , Stabenow’s bill. The bill seeks to give the CFTC more authority to […]
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