" " Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials – Bitcoin News – Financial Tips " "
Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Digital Payment

Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials – Bitcoin News

admin by admin
January 4, 2023
in Digital Payment


According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved discussions about “pandemic prevention.”

Senior White House Staff Met With Former Billionaire Sam Bankman-Fried to Discuss ‘Crypto Industry’ and ‘Pandemic Prevention’

The disgraced FTX co-founder Sam Bankman-Fried (SBF), who is currently charged with eight counts of financial fraud and misconduct, met with the senior White House adviser Steve Richetti three times. SBF also met with the White House deputy chief of staff Bruce Reed on one occasion as well. SBF donated a great deal of money to Democrat leaders in the U.S., including $5.2 million in campaign donations to the current president Joe Biden.

According to reports, several members of the U.S. Democratic Party and certain campaign committees are currently under investigation by federal prosecutors for donations associated with SBF. Just recently, during a Dec. 13, 2022 press briefing, a reporter asked White House press secretary Karine Jean-Pierre if the administration would return the funds.

“I’m covered here by the Hatch Act,” Jean-Pierre remarked to the reporter. She further noted that there were limitations on what she could say to the press. ”Anything that’s connected to political contributions, from here I would have to refer you to the DNC,” Jean-Pierre added.

Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ with Biden Administration Officials
On Tuesday, White House Press Secretary Karine Jean-Pierre addressed questions from the press regarding SBF, marking the second time the Biden administration has dealt with questions about the indicted former CEO of FTX.

To start the new year, the White House held a press briefing on Jan. 3, 2023, and Jean-Pierre was asked about the four meetings with SBF and senior Biden administration officials. Biden’s press secretary explained that the meetings were about gathering general knowledge about the crypto industry and pandemic prevention.

“Let me give you a few rundowns here. As we previously confirmed and as you know, I know you’re following this very closely, these meetings included Steve Richetti and Bruce Reed, the meetings focused on pandemic prevention related to Sam Bankman-Fried’s foundation,” Jean-Pierre said. “And general information on the cryptocurrency industry and crypto exchanges. Look, you know, the administration has been clear about the need for Congress to take action when we talk about addressing cryptocurrency.”

Jean-Pierre also discussed Biden’s focus on the crypto industry and his recent executive order last March. “The president as you know released an executive order on this topic just last March. And the president released a framework for protecting consumers last fall and last November,” the press secretary continued. “Secretary Yellen renewed the administration’s call for Congress to take action. So as you know the White House regularly engages with officials from a range of industries and sectors including leaders in businesses like nonprofits.”

Jean-Pierre added:

Again this meeting with Sam Bankman-Fried was focused on pandemic prevention-related matters and cryptocurrency and crypto exchanges.

The pandemic prevention commentary was a topical discussion on social media after the Jan. 3 press briefing published on Tuesday. Jean-Pierre’s statements were mocked just like her Hatch Act statements two weeks prior. One individual who joked about Jean-Pierre’s SBF comments said that maybe the White House should “schedule a meeting with Jordan Belfort (the Wolf of Wall Street) on vaccines next.”

Tags in this story
$5.2 million campaign donations, 2023 press briefing, Bankman-Fried, Bruce Reed, Congress, Consumers, crypto exchanges, crypto industry, Cryptocurrency, Democrat leaders, DNC, eight counts, Executive Order, financial fraud, ftx, FTX collapse, Hatch Act, Hatch Act statements, Joe Biden, Karine Jean-Pierre, misconduct, pandemic prevention, Sam Bankman-Fried (SBF), sbf, sectors, Steve Richetti, White House press secretary, Yellen

What do you think about the White House’s statements concerning senior Biden officials meeting with the indicted FTX co-founder SBF? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

The Clearing House Gains a Fresh Start to the New Year, Names David Watson CEO

Next Post

The worst influencer and celebrity NFT cash grabs of 2022

Next Post

The worst influencer and celebrity NFT cash grabs of 2022

Recommended

The Witch of October Is Here: Remember Short-Term Pain = Long-Term Progress

January 22, 2023

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022

November 17, 2022

Don't miss it

Banking

Wells Fargo CTO joins Bank Automation Summit US 2023

February 2, 2023
Investment

Splitting the Risk: How to Manage Interest Rate Risk in Project Finance

February 2, 2023
News

These Are The 8 Most Affordable Markets To Invest In During 2023

February 2, 2023
News

Euro stablecoin launched in Finland, claims to be first approved in the EU

February 2, 2023
Digital Payment

Crypto 101: What are custodial and non-custodial crypto wallets?

February 2, 2023
Digital Payment

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March  – Technology Bitcoin News

February 2, 2023

© 2022 Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/