The New York Senator receives over $ 150,000 from Crypto Execs
Senator Kirsten Gillibrand’s financial report revealed that she received over $ 150,000 in donations from crypto stakeholders.
According to the funding report, the Democratic senator for New York declared a total of over $ 1.3 million in donations. Several crypto leaders, including Sam Bankman-Fried and the Winklevoss twins, were among the donors.
SBF donated $ 5,800, while FTX.US President Brett Harrison donated $ 2,900. Key executives at crypto hedge fund Multicoin Capital, including its co-founder, Kyle Samani, donated a total of $ 19,400.
Some of the donors are also affiliated with Uniswap Labs, Meta, Andreessen Horowitz, HODL PAC, dYdX and Andreessen Horowitz.
In addition, at least eight CEOs of crypto companies donated to the New York senator’s campaign last quarter. These include Ariel Seidman from Hivemappers, Mo Shaikh from Aptos, Charles Cascarilla from Paxos, Avani Miriyala from Matcha Design Labs and Ryan Selkis from Messari.
Donations also came from individuals who lead cryptocurrencies in traditional financial institutions. Bain Capital’s head of regulatory and policy, TuongVy Le, donated $ 1,000, while Morgan Stanley Investment Management’s head of emerging markets, Amy Odenberg, donated $ 1,500.
Meanwhile, donors were not limited to individuals in private companies. Industry group leaders also donated to the campaign, including Texas Blockchain Council President Lee Bratcher, Blockchain Association industry leader Dan Spuller and Crypto Council for Innovation CEO Sheila Warren.
Senator proposed two-partisan crypto bill
Gillibrand, a veteran senator and former presidential aspirant, became popular in cryptocurrencies earlier this year after proposing the two-part crypto-regulatory law along with Republican Senator Cynthia Lummis of Wyoming. Lummis recently said she is learning about non-fungible tokens (NFT) from Gillibrand.
Most stakeholders in the crypto industry have welcomed the proposal, and senators also posted a copy on GitHub to get the opinions of those in the industry.
However, the revelation comes as no surprise, given that crypto stakeholders have donated massively to politicians to influence politics.
Bankman-Fried said a few months ago that he could spend up to a billion dollars on the next election. The crypto industry has already spent around $ 28 million on elections as of March 31.
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