(Rallying Patriots) – How convenient that FTX CEO and founder Sam Bankman-Fried was indicted and arrested just hours before he was set to sit before Congress and give sworn testimony regarding the collapse of his company and his ties to Democratic politicians.
Perhaps there’s damning information the Biden regime doesn’t want Bankman-Fried blabbing about. That would certainly seem to be the case in light of new reports that Bankman-Fried had visited the White House several times just months prior to declaring bankruptcy for his cryptocurrency firm FTX amid its meltdown.
As per Bloomberg the last meeting at the White House, between Bankman-Fried and top regime officials took place on Sept. 8.
During that visit, Bankman-Fried met with senior advisor to Joe Biden, Steve Ricchetti and it “was the latest in a handful of sessions.”
“Bankman-Fried had at least three others previously disclosed in White House visitor logs,” Bloomberg asserted Thursday.
“They include one April 22 and another May 12, each with Ricchetti, and one a day later, on May 13, with Bruce Reed, another senior Biden aide, officials confirmed. The final meeting is recorded in logs as two meetings held back-to-back, but was one meeting, officials said. Some of the prior White House meetings included others from FTX.”
The news comes as Democrats are under fire over their connections to Bankman-Fried who now faces a litany of charges related to the collapse of FTX. SBF, as he’s known, is currently out on bail after being extradited to the US from the Bahamas.
Democrats have been the beneficiaries of SBF’s massive political donations but they’re also being called out for attempting to shield FTX officials during testimony before Congress, which Bankman-Fried conveniently managed to avoid with his arrest, which is also a source of suspicion.
SBF was the second-biggest donor to the Democrats during the 2022 midterm election cycle, only being beat by radical, progressive globalist George Soros.
OpenSecrets revealed that of the $39.8 million he donated to political candidates, $36,793,956 went to Democrats.
In addition to his visits at the White House, Bankman-Fried was a regular face in Washington as he argued for more regulation for the cryptocurrency industry. The Western Journal detailed that he was advocating for the Digital Commodities Consumer Protection Act, now being dubbed the “SBF Bill.”
“That bill sits at the intersection of the existential question now facing the crypto industry: Why did FTX collapse and how can repeats be prevented? FTX was a centralized exchange, a single point of failure – that did indeed fail, seemingly because of choices made by Bankman-Fried – in the crypto ecosystem,” crypto-centric outlet CoinDesk reported on Nov. 15.
TWJ noted, however, that the DCCPA would likely increase, not decrease, the power that centralized exchanges have.
“The DCCPA aims to amend the Commodity Exchange Act to give the Commodity Futures Trading Commission oversight of the crypto spot market. Under the DCCPA, crypto broker-dealers would be required to register with the CFTC and submit to oversight from the federal regulator,” CoinDesk explained.
Despite the DCCPA’s biggest advocate, SBF, being charged with a myriad of crimes, Democrat Sen. Debbie Stabenow (MI) is continuing to push forward with it. Seems like a poor decision to move forward with a bill nicknamed after a man who is now facing prison time over the way he ran a business directly related to the bill. That’s the Washington swamp for you.
Meanwhile, Dems on Capitol Hill don’t appear to be very subtle in their efforts to protect FTX officials.
House Rep. Maxine Waters (D-CA) went viral after attempting to end the questioning of FTX CEO John Ray III during a Dec. 13 House Financial Services Committee hearing. Chairwoman Waters seemed to be blocking Republican Rep. Lance Gooden (TX) from asking any questions.
“Chairwoman Waters, Chairwoman Waters, I’ve not had the opportunity to testify — or [rather] to question the witness,” Gooden stated in the clip, reminding her that all the members of the body had an opportunity to ask the witness questions.
Waters brazenly continued on as if nothing happened, starting into her closing remarks:
Lmfao Rep. Maxine Waters tried to end the FTX hearing before Rep. @Lancegooden got a chance to question the witnesses, who had to remind her that all the members of a committee are entitled to questions. pic.twitter.com/wYTxSsLVg3
— Greg Price (@greg_price11) December 13, 2022
After Gooden made a parliamentary inquiry, Waters was forced to cede him five minutes of time.
At another point during the hearing, Waters lamented that SBF himself couldn’t testify since he was arrested the day before.
“Unfortunately, the timing of his arrest denies the public the opportunity to get the answers they deserve,” Waters declared during the hearing.
Former US Federal prosecutor and National Review editor Andrew C. McCarthy remarked that the timing of the arrest was “very curious.”
“This would’ve been under oath in front of Congress facing very hostile questioning, and why they would forego that opportunity — I mean, all they needed to do was wait a few hours and let him testify and then you could pop him at that point,” he told Fox News.
McCarthy speculated that the Democrats probably didn’t view the timing as that “unfortunate.”
'JUST THE TIP OF THE ICEBERG': @cvpayne: "I'm concerned a little bit at the market perspective from a contagion effect, but overall I'm really most concerned, and I've shared this with you all, that this doesn't just become a Sam Bankman-Fried story…" @BillHemmer @DanaPerino pic.twitter.com/NSk6VXSb41
— America's Newsroom (@AmericaNewsroom) December 13, 2022
“You have a Democratic Justice Department. It’s entirely possible the Democrats on the [House Financial Services Committee] did not want to hear a lot of questioning by aggressive Republicans about the fact that all that money went into these politicians, while the public, people who invested with SBF, appear to have lost their shirts,” McCarthy said.
Now it seems the reason why is clear: just months before the collapse of FTX, Bankman-Fried was having meetings at the White House with top regime officials, including a senior adviser to Joe Biden. Nothing to see here, folks.
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