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Bankman-Fried says FTX prepared to spend billions on acquisitions: Bloomberg

Crypto exchange FTX is ready to spend billions of dollars for stakes in other companies, Chief Executive Officer Sam Bankman-Fried told Bloomberg in an interview. The billionaire CEO, who’s also a co-founder of FTX, said on Friday that recent fundraising of more than $2 billion by the company and its US entity may be used for the investments aimed at expanding its range of services to its customers. “FTX is a profitable company,” he said. “You can look at the …

FTX CEO says he could spend ‘north of $100 million’ during US elections in 2024

Sam Bankman-Fried, chief executive of crypto exchange FTX, said Tuesday that he could spend significant funds during the 2024 election cycle in the United States. Speaking to host Jacob Goldstein of the What’s Your Problem? podcast, Bankman-Fried spoke about his funding efforts in US elections to date and how that work might evolve in the lead-up to the 2024 presidential election when incumbent President Joe Biden could face former President Donald Trump in an electoral rematch. When asked about specific …

Goldman Sachs reportedly seeking closer ties with FTX crypto exchange

Quick Take The CEOs of both companies reportedly met in March to discuss possible avenues of collaboration. Goldman’s CEO is said to have discussed the Wall Street bank advising FTX on a number of issues. Goldman Sachs is reportedly looking to help crypto exchange giant FTX navigate its way through US regulations, among other concerns, according to a report by Financial Times on Thursday. People familiar with the matter cited by the publication said Goldman CEO David Solomon and FTX …

FTX exec launches new Republican PAC with $4 million donation

Ryan Salame, co-CEO of FTX Digital Markets, has launched a new political action committee.  First reported by Politico’s Stephanie Murray, the American Dream Federal Action PAC aims to support “forward-looking conservative leaders who understand the urgency of advancing smart policies that set America up for success.” “We believe that public policy solutions should have a positive impact on people’s lives and play a vital role in protecting Americans’ freedoms, biosecurity and system of free enterprise,” the PAC’s site says.  In …

What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 2)

Episode 86 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and CEO Sam Bankman-Fried of FTX. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Bakkt, Kraken and Kava Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming …

What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 1)

Episode 85 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and CEO Sam Bankman-Fried of FTX. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Bakkt, Kraken and Kava Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in …