Revealing report on #FTX

According to the 33-page report, FTX's top brass knew about an $8.9 billion shortfall in customer assets since August 2022. FTX had filed for Chapter 11 status on November 11, 2022.

Adding to these recent developments is the fact that an investigation by the state of Oregon has revealed a falsely recorded donation by FTX to the Oregon #Democratic Party.

The published findings appear to implicate a senior senator and his staff. Ironically, the senator in question is a populist who would presumably be against the surreptitious role of corporate money in elections.

The illegal donation was for $500,000 from an FTX executive to the state Democratic Party.

#SamBankman-Fried

👉👉👉 #Democratic Party Platform Makes No Mention of #bitcoin☀️ or Crypto

The Democratic National Committee (DNC) revealed its official platform on Sunday, notably excluding any mention of #Cryptocurrencies or blockchain technology from its nearly 100-page document. Delegates at the Democratic National Convention in Chicago are set to approve the platform on Tuesday, though it remains uncertain if any changes will be made before then.

This omission contrasts sharply with the Republican platform, which has incorporated several pro-crypto stances. Despite the DNC's silence on digital assets, recent signals from Democrats suggest a willingness to engage with crypto industry leaders. This shift comes as pro-crypto donors contribute significantly to Democratic congressional candidates' campaigns.

The platform was finalized weeks before President Joe Biden withdrew from the 2024 presidential race, as reported by The Guardian. Biden's exit has left Vice President Kamala Harris as the leading candidate for the Democratic nomination, with strong endorsements from Biden and key Democratic figures.

Pro-crypto Democrats, such as Representative Wiley Nickel (D-NC), have expressed hopes that a Harris administration would adopt a balanced approach to the crypto industry, benefiting both firms and holders. Nickel had previously advocated for crypto inclusion in the party platform but did not respond to requests for comment following the platform's release.

Skepticism remains about Democrats' crypto stance due to Biden-Harris administration’s enforcement actions against major crypto players and limited response from Harris’ campaign on crypto policy.

Harris’ past conflicts with crypto and the party's current silence may drive crypto voters toward Republicans, who are more supportive of the industry. The GOP's June platform includes pro-crypto measures like support for self-custody and Bitcoin mining protections.

Source - decrypt.co 

#CryptoMarkets #BinanceSquareTalks