GOP lawmaker predicts congressional Democrats will try to bury their connections to FTX

Fox Business reported late last year that hundreds of millions of dollars vanished following the collapse of FTX, a cryptocurrency exchange with close links to the Democratic Party.

However, one newly elected Republican congressman is concerned that Democrats will try and bury their role in the story. 

FTX founder was 2022’s second largest Democratic donor

California Democratic Rep. Maxine Watters is former chair of the House Financial Services Committee, and she put out a statement this past November saying that “FTX has posed tremendous harm” to investors.

She added that many of them “were everyday people who invested their hard-earned savings into the FTX cryptocurrency exchange, only to watch it all disappear within a matter of seconds.”

Yet New York Rep. George Santos told The Epoch Times that he expected Water and other Democrats to downplay their ties to the scandal, saying it something he is ” very interested in investigating.”

Fox News reported just after last year’s midterm elections that FTX founder Sam Bankman-Fried and his family were major donors to Democratic causes.

According to the network, Bankman-Fried was the second-largest contributor to Democratic-affiliated political action committees (PACs) and organizations in 2022, trailing only far-left billionaire George Soros.

This included providing $27 million to the Protect Our Future PAC, which aimed to elect Democratic candidates. He also made donations to the House Majority PAC, which is connected to former House Speaker Nancy Pelosi, as well as the Chuck Schumer-aligned Senate Majority PAC.

Meanwhile, the Daily Wire reported in December that Bankman-Fried’s mother, law professor Barbara Fried, runs a left-wing political action committee called Mind the Gap.

What’s more, his father, fellow law professor Joseph Bankman, has helped draft legislation for Massachusetts Democratic Sen. Elizabeth Warren.

Santos facing multiple investigations

For his part, Santos is facing investigations of his own after The New York Times detailed how most of his life story had been fabricated.

Nassau County District Attorney Anne Donnelly, who is a fellow Republican, told Newsday in December that her office will be looking into the lawmaker’s background.

Further, the Times also reported that authorities in Brazil are reviving fraud charges against Santos dating back to an alleged incident from 2008.

Santos stands accused of having fraudulently spent $700 from a stolen checkbook in the Brazilian city of Niterói.