Cameron Winkelvoss Calls for Inquiry Into SBF’s $100M Campaign Finance Breaches
In a recent X post, Gemini co-founder and CEO Cameron Winkelvoss called for an investigation into a controversial accusation involving late FTX co-founder Sam Bankman Fried.
“It would be great if the incoming attorney general could investigate why the campaign finance charges against SBF were dropped. He questioned why it would not be in the public interest to pursue charges related to $100 million in client funds provided to Democrats to influence the election. ?
SBF’s 100 million campaign fund violation
He asked the incoming attorney general to investigate $100 million in campaign finance violations at SBF. Notably, the Department of Justice (DoJ) dropped the charges mid-last year, keeping the SBF story away from politics. He also stressed that it was in the public interest to understand why these funds were used to fund Democratic elections, which sparked many reactions among cryptocurrency stakeholders.
In a reply to Cameron’s post, one X user noted that public trust in the legal system takes a hit when high-profile cases involving political donations end up with charges dropped. The user emphasized that people expect the justice system to comprehensively investigate financial crimes, especially those that may influence political decisions or outcomes.
Cameron praises Trump’s pick for finance secretary
In the latest development, Donald Trump has chosen hedge fund veteran Scott Bessant as Treasury Secretary. This concludes a highly competitive vacancy that saw many high-profile names vying for the job. Tesla CEO Elon Musk has publicly endorsed Howard Lutnick as the candidate who can bring about needed change, contrasting Lutnick’s approach with Bessant’s more traditional stance. However, Bessant remains an outspoken advocate of Trump’s economic policies, particularly his pro-tariff stance.
in another postalThe Winklevoss twins praised the nomination of Scott Bessant as Treasury Secretary. He noted that Scott Bessent provided one of the best explanations for the cryptocurrency wars. He also noted that Democrats are trying to destroy cryptocurrencies to distract from the illegal donations of more than $100 million in FTX client funds stolen from SBF.
After Nishad Singh, former director of engineering at FTX, managed to avoid jail when he was sentenced by Judge Lewis Kaplan last month, Gary Wang also escaped from jail for cooperating with prosecutors.
Additionally, prosecutors added in sentencing materials that since testifying against the former FTX CEO, Wang “has directed his extraordinary computer programming skills to detecting potential fraud in the stock and cryptocurrency markets” and establishing a system in which the government could The interface used began to be used to detect potential fraud in public companies.
