U.S. Congress: 196 Members Received FTX Contributions

Recent reports indicate a significant number of U.S. Congress members received contributions from FTX, raising questions about potential conflicts of interest. Out of 535 senators and representatives in the U.S. Congress, a CoinDesk report identified 196 who accepted donations from the now-bankrupt cryptocurrency exchange.

A new report from CoinDesk has found that 1 in 3 members of Congress – 196 senators and representatives – received political donations from former FTX executives. The report notes that U.S. Congress has 196 members who took contributions from FTX and also directly from Sam Bankman-Fried.

CoinDesk has identified 196 members of the new Congress – many of whom were just sworn in last week – who took cash from Sam Bankman-Fried or other senior executives at FTX, a crypto exchange. The members of Congress were identified by Coindesk, triggering intense scrutiny.

The extent of FTX's influence in Washington is now under the microscope, with analysts examining how these contributions might have shaped legislative decisions regarding cryptocurrency regulation. The revelation that 196 members of the U.S. Congress were found to have taken donations in cash from FTX is sparking debate and calls for greater transparency in campaign finance.