FTX Asks for Its Political Donations to Be Returned
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
FTX Asks for Its Political Donations to Be Returned
FTX Asks for Its Political Donations , to Be Returned.
Insider reports that the bankrupt crypto exchange made the request on Feb.
5.
Any politicians or political action committees who received donations made by FTX founder Sam Bankman-Fried,
FTX executives or other related companies...
... are being asked to
return donations by Feb.
28.
If payments aren't returned by then,
donation recipients may be called to bankruptcy court with added interest.
According to 'The New York Times,' politicians received $90 million from FTX employees.
Bankman-Fried, former CEO of FTX Bahamas headquarters Ryan Salame and FTX's former director of engineering, Nishad Singh, .
Respectively donated $40 million, $23 million and $7.9 million to Democratic causes.
President Donald Trump lashed out at Democrats for unanimously opposing his proposed "Big Beautiful Bill," which includes major tax cutsāno tax on tips, Social Security, or overtime. At a fiery rally, Trump praised Republicans for supporting the measure and called out Democrats for offering "not one positive vote." Branding it the ābest tax reform in American history,ā Trump declared, āEvery Democrat should lose their election!ā The sharp rebuke sets the tone for a heated election cycle showdown.
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Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new āAmerica Party,ā calling the move āridiculousā and branding Musk a ātrain wreck.ā Trump warned Muskās third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos.
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White House Press Secretary Karoline Leavitt delivered a blistering response to critics following the catastrophic Texas floods that killed dozens. Addressing the press on Monday, Leavitt accused some media outlets and Democratic leaders of spreading ādepraved, disgusting liesā about the administrationās response. She firmly rejected accusations of federal delay or negligence, saying rescue teams and emergency resources were āmobilized within hours.ā The flood, which left entire communities submerged and at least 82 people dead, has ignited a new political firestorm, with critics blaming budget cuts and preparedness failures. Leavitt dismissed the allegations as āshameful exploitation of tragedy for political gain.ā Her forceful defense and condemnation of the narrative sparked immediate reactions across social media and Capitol Hill. As floodwaters recede, the political storm is only intensifying ā and Leavitt has made clear: the administration wonāt stay silent.
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A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk.
The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits.
The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trumpās rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation.
Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion.
#DonaldTrump
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House Democratic Leader Hakeem Jeffries took to the floor for hours, delivering a marathon speech aimed at derailing former President Trumpās controversial āBig Beautiful Bill.ā Branding it āone big, Ugly bill,ā Jeffries slammed the legislation as a reckless handout to corporations and a threat to working families. Republicans accused Democrats of political grandstanding, while Trump allies vowed to push the bill through regardless.
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Former Speaker Nancy Pelosi is criticizing Donald Trump for deploying the National Guard to Los Angeles without Governor Gavin Newsom's consent, calling it a violation of Article 10 of the Constitution. Pelosi compared this to Trumpās refusal to deploy the Guard during the January 6 Capitol riot, despite bipartisan pleas. āAnd yet, in a contra-constitutional way, he has sent the National Guard into California,ā she said. With legal and political tensions rising, Pelosi warns: "Something is very wrong with this picture."
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