Home White House Shuns Questions on SBF Donations

White House Shuns Questions on SBF Donations

Share
Share



The White House has refused to clarify whether it will return any political donations made to President Joe Biden by disgraced FTX founder and former CEO Sam Bankman-Fried.

It also won’t comment on whether other elected officials should return similar donations, White House Press Secretary Karine Jean-Pierre said Tuesday.

In response to questions regarding the status of the millions of dollars in political donations made by Bankman-Fried, potentially with stolen customer funds, during a Tuesday press conference, Jean-Pierre said that she is barred from publicly discussing the subject, or the president’s views on it, due to provisions of the Hatch Act of 1939.

The Hatch Act, signed by President Franklin D. Roosevelt, is primarily intended to prevent non-elected executive branch employees from making openly political statements. Most clear-cut violations of the law have involved heads of federal agencies endorsing political candidates or attempting to run for political office themselves.

Notably, the president is fully exempt from the Hatch Act, as is the vice president, as both politicians are elected officials who routinely endorse candidates and participate in partisan politics.

Share

Latest News

Bitcoin Reclaims $77K, Altcoins Surge Amid $4B Short Squeeze!
News

Bitcoin Reclaims $77K, Altcoins Surge Amid $4B Short Squeeze!

Today, Bitcoin moved beyond $79,500, making a significant comeback from below $60,000 and hitting its highest level since late May. Afterwards, the...

Franklin Templeton Gets SEC Clearance To Bring Tokenized Assets Into Traditional Funds
News

Franklin Templeton Gets SEC Clearance To Bring Tokenized Assets Into Traditional Funds

Franklin Templeton has received SEC staff relief that could allow its traditional investment funds to use tokenized assets for cash management. The...

MANTRA Token Hits Record Low As Blockchain Halts After Exploit
News

MANTRA Token Hits Record Low As Blockchain Halts After Exploit

MANTRA’s token hit a record low after the real-world asset-focused blockchain halted its network following a software exploit. The token fell to...

Optimism Team Vote Shifts $49M In OP Tokens From Users To Foundation Fund
News

Optimism Team Vote Shifts $49M In OP Tokens From Users To Foundation Fund

An Optimism-funded core development team cast a decisive vote that helped move 546.9 million OP tokens, worth about $49.7 million, away from...

Related Articles

Top AI Deflationary Tokens Of 2026

Artificial intelligence (AI) and blockchain are becoming increasingly connected as decentralized networks...

How Memecoins DOGE, SHIB, CASHCAT Are Reshaping Crypto

A few years ago, memecoins used to be the joke corner of...

Best Memecoin Launchpads Of 2026

Memecoins have been a point of attraction for crypto investors since their...

Best AI Crypto Projects Of 2026

The Artificial Intelligence (AI) sector is attracting very significant venture capital investments...