FTX Execs Donated to Minnesota Politicians Just Before Company Collapsed š±
#Nishad Singh and Sam Bankman-Fried donated to Minnesota officials just before FTX's 2022 collapse. Singh gave $4,000 to Governor Tim Walz's campaign, and Bankman-Fried gave $2,500 to Attorney General Keith Ellison. Walz returned Singh's donation amid the controversy. Singh pleaded guilty to fraud and money laundering, while Bankman-Fried is serving a 25-year sentence.
Governor Walz, now #Kamala Harrisā running mate, has not clearly addressed crypto issues but is expected to support stricter regulations. An Axios report noted Walz has minimal financial conflicts of interest. He sponsored the STOCK Act in 2011 to increase lawmakers' financial transparency.