Crypto Exchange FTX Bats Down DC Super PAC Story

FTX has denied a Decrypt story on Monday that the cryptocurrency derivatives exchange would be creating a Political Action Committee (PAC) that would operate in Washington, D.C., and be led by its founder and CEO Sam Bankman-Fried.

“FTX has no plans to establish any PAC or super PAC nor are we looking to hire any director,” the company said in a statement.The Decrypt article cited two unnamed sources “familiar with the matter,” and said that FTX would “advocate for crypto interests” through the PAC.In separate tweets Monday evening, FTX and Bankman-Fried also denied the Decrypt story. “I have no idea where the recent PAC-related rumors are coming from,” Bankman-Fried tweeted.A source at another crypto exchange told CoinDesk they knew FTX to be looking for lobbyists but hadn’t heard of any PAC plans.

While we’re excited to engage with regulator worldwide, including in Washington, I have no idea where the recent PAC-related rumors are coming from. https://t.co/4M6GvDE1T5

— SBF (@SBF_FTX) October 5, 2021

if it wasn’t clear the story is false

— FTX – Built By Traders, For Traders (@FTX_Official) October 4, 2021

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