Crypto Billionaire Was Largest Dem Donor

Check out what’s clicking on FoxBusiness.com. The Democratic National Committee’s largest donor in May 2022 was cryptocurrency billionaire Sam Bankman-Fried, according to Federal Election Commission records. Receipts posted on the FEC website show that Bankman-Fried made five contributions last month totaling $865,000, all made on either May 3 or May 5.  On May 4, he tweeted support for Democratic California Gov. Gavin Newsom, stating that he was working with him on blockchain policy.“Really excited to see CA taking the initiative on blockchain policy to protect consumers, provide oversight, and help grow the economy. Excited to work with @GavinNewsom on this!” he tweeted. According to New York Times reporter Shane Goldmacher, Bankman-Fried’s last contribution of $500,000 was refunded back to him, but even without the half a million dollars, he is still the Democratic Party’s biggest donor for the month. CRYPTO BILLIONAIRE COULD SPEND $1B FOR DEMOCRATS IN 2024 ELECTION FOX Business’ Susan Li and Pantera founder Dan Morehead discuss the crypto market at the Consensus Conference in Austin, Texas.Even $800,000 could be nothing compared to what the cryptocurrency billionaire plans on contributing in 2024. In an interview with the Pushkin Industries podcast “What’s Your Problem,” he hinted that he could end up shelling out $1 billion — possibly more, for the 2024 elections.“It really does depend on what happens. It’s really dependent on exactly who’s running where, for what,” he said, adding, “[$1 billion] is a decent thing to look at as a — I would hate to say hard ceiling, because w …