The founder and CEO of crypto exchange FTX says he is willing to give at least $100 million to the right candidate in the next US Presidential election.
In a new interview on the What’s Your Problem podcast, Sam Bankman-Fried says that he could spend a lot of money in the 2024 election cycle depending on who runs for president.
He says that he will probably make a large donation given the massive impact of the government.
“I think the United States has both a big opportunity and big responsibility to the world to shepherd the west in a powerful but responsible manner and that everything that we do there has massive, massive ripple effects on what the future looks like…
It follows that I might [donate a lot of money]. In the end that’s basically what I think. I think that there is, in some ways, surprisingly little money in politics given the sort of scope of its impact.”
The billionaire says he will likely give as much as $1 billion.
“I would guess north of a hundred million. As for how much north of that, I don’t know. It really does depend on what happens. It’s really dependent on exactly who’s running where, for what, like these are super contingent things, but I think that gives maybe some sense of what the scale might be here.
I think [$1 billion is] a decent thing to look at as, I would hate to say a hard ceiling because who knows what’s going to happen between now and then, but as at least a sort of a soft ceiling.”
He says he will likely exceed the $215 million he donated in the 2020 presidential elections.
“I think it is imminently possible. That would not surprise me.”
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