Joe Biden’s Campaign received a $5 Million Donation from a Crypto Derivatives Exchange

It seems that the cryptocurrency and blockchain industry has much bigger plans than the global economy expects it to have. So far the cryptocurrency industry has made its way to the music, esports, sports, arts, energy, and education sectors.

However, now it seems that the cryptocurrency industry wants a taste of politics. Just recently, a cryptocurrency derivative exchange has surprised the entire world. It has taken a huge step that can either prove very essential or go south for the entire crypto-industry.

It has been reported that FTX, a cryptocurrency derivative exchange has donated $5.2 million for a political campaign. The news has been nothing less than a shock for the supporters of the current President of the United States, Donald Trump.

This is because FTX has donated this big amount for Donald Trump’s opponent, Joe Biden to support him in his presidential campaign for the ongoing elections.

FTX cryptocurrency derivatives exchange is based in Hong Kong and the exchange’s CEO is Sam Bankman. As per reports, it was the CEO of the exchange that donated $5.2 million to Joe Biden’s presidential campaign.

In the recent print from the Wall Street Journal, it was not just Sam Bankman who has donated such a large amount for Biden’s campaign. It is printed that Joe Biden’s campaign received around $79.5 million from top 100 donors. The surprising part is that all the top 100 donors claimed to be CEO(s) of different corporations and enterprises.

The Wall Street Journal has also released the names of the top two CEO(s) with the highest contribution towards the campaign. The top contributing CEO is the co-founder of the financial and media company Bloomberg L.P, Michael Bloomberg. Michael Bloomberg is reported to have donated $56 million for Joe Biden’s campaign.

The second highest contributing CEO is none other than Sam Bankman-Fried with his donation amount of $5.2 million.

As per reports, the total CEO donations towards Donald Trump’s and Joe Biden’s campaigns are just the tip of the iceberg. According to sources, the total donations collected by both candidates’ campaigns are around $2.2 billion.


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