1 in 3 Members of Congress Received Donations From FTX Execs

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1 in 3 Members of Congress Received Donations From FTX Execs
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House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer are part of a group of 196 lawmakers who received FTX money, a new report says.

to nonprofits. Another group of 14 told the outlet they were holding on to the donations received and were waiting for instructions on how to return themcampaigns among the execs

, giving to 93 politicians. Bankman-Fried followed, giving to 58, while Nishad Singh, FTX’s former head of engineering, gave to 53. Only five lawmakers who received money said they had successfully given it back, CoinDesk reported, and 143 didn’t respond to inquiries.received donations, including Majority Leader Chuck Schumer of New York; Majority Whip Richard Durbin of Illinois; and Sen. Joe Manchin of West Virginia. In the Republican leadership caucus, only Minority Whip John Thune of South Dakota and Sen.

. At the time, the company also cautioned against donating the money, implying that those who donate it would still be on the hook for paying it back.“Recipients are cautioned that making a payment or donation to a third party in the amount of any payment received from a FTX Contributor does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee,” FTX said on Dec. 19.

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