FTX has denied a Decrypt story on Monday that the cryptocurrency derivatives trade can be making a Political Motion Committee (PAC) that may function in Washington, D.C., and be led by its founder and CEO Sam Bankman-Fried.
- “FTX has no plans to ascertain any PAC or tremendous PAC nor are we seeking to rent any director,” the corporate mentioned in a press release.
- The Decrypt article cited two unnamed sources “aware of the matter,” and mentioned that FTX would “advocate for crypto pursuits” by the PAC.
- In separate tweets Monday night, FTX and Bankman-Fried additionally denied the Decrypt story. “I do not know the place the latest PAC-related rumors are coming from,” Bankman-Fried tweeted.
- A supply at one other crypto trade advised CoinDesk they knew FTX to be in search of lobbyists however hadn’t heard of any PAC plans.
Whereas we're excited to interact with regulator worldwide, together with in Washington, I do not know the place the latest PAC-related rumors are coming from. https://t.co/4M6GvDE1T5
— SBF (@SBF_FTX) October 5, 2021
if it wasn't clear the story is fake
— FTX – Constructed By Merchants, For Merchants (@FTX_Official) October 4, 2021