Cryptocurrency exchange intends to spend $ 1 billion on the US presidential election

Sam Bankman-Fried, CEO of the FTX cryptocurrency exchange, wants to support «his» candidate in the next US presidential election in 2024.

In the podcast «What's Your Problem?» Bankman-Fried said that he could invest about $ 100 million in the campaign, and the maximum amount of donations could reach $ 1 billion. However, if Donald Trump runs in the election, the amount will be closer to $ 1 billion.

«I think the amount will be closer to $ 100 million. As for the increase in the amount… I don’t know yet, it depends a lot on future events and who will run in the race. $ 1 billion seems to be the maximum. I would not say „absolute maximum“, but „soft limit“ for sure. Again, it all depends on future events,» the FTX CEO emphasized.