According to funding statistics, Kirsten Gillibrand, a Democrat from New York, has collected over $1 million from donors. Some crypto executives, like Winklevoss and FTX’s Sam Bankman-Fried, are among the funders. According to reports, the FTX CEO donated a total of $5,800, and the exchange’s US president, Brett Harrison, contributed approximately $2,900.
Kyle Samani, the co-founder and other key executives of Multicoin Investment, a crypto hedge fund, also donated to this contribution. According to the report, they all gave $19,400.
Other donors on the list are alleged to have ties to cryptocurrency firms including as Andreessen Horowitz, Uniswap Labs, HODL, dYdX, and Meta. Furthermore, no fewer than eight CEOs of cryptocurrency companies contributed to the senator’s campaign last quarter. Messari’s Ryan Selkis, Aptos’ Mo Shaikh, Hivermappers’ Ariel Seidman, Paxos’ Charles Cascarilla, and Matcha Design’s Avani Miriyala are among these CEOs.
According to the reports, other persons who are leaders of other crypto divisions in other traditional financial setups are among the donors. TuongVy Le, the current Head of Policy and Regulatory at Bain Capital, is one of them, and he contributed $1,000 USD. Amy Odenberg, the Head of Emerging Economies at Morgan Stanley Investment Management, also contributed $1,500 USD.
According to the article, not only are CEOs or people from private corporations participating in the donations, but industry leaders have also contributed to the movement. Among them are Lee Bratcher, the President of the Texas Blockchain Council, Dan Spuller, the Blockchain Association’s Head of Company Affairs, and Sheila Warren, the CEO of the Crypto Local authority for Innovation.
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Senator proposes a bipartisan bill
The senior senator, Gillibrand, who has also run for president, gained prominence in the crypto sector at the start of the year when he offered a bipartisan crypto bill with Senator Cynthia Lummis. In fact, Lummis recently stated that she is studying about NFTs from Senator Gillibrand.
As of now, the plan has been embraced by the most of businesses in the crypto field, and the senators have even put a copy of the proposal on GitHub to receive industry feedback.
The suggestion and transparency come as no surprise to some in the field, as stakeholders in the space have been influencing policies through donations and sponsorship of politicians. SBF disclosed a few months ago that he expected to spend about a billion dollars on the next elections, but as of March 31, the crypto business has committed approximately $28 million in politics.