A U.S. judge approves the Justice Department's request to "delay the forfeiture of FTX's political donations."

2024-07-27 09:59:30

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ChainCatcher news, according to Cointelegraph, a U.S. federal judge has approved the Justice Department's request to delay the handling of the asset forfeiture related to former FTX CEO Sam Bankman-Fried's (SBF) donations to political action committees (PACs). The Justice Department is discussing the forfeiture of these funds with SBF's lawyers, which were primarily directed to Democratic-related committees, including the House Majority PAC, Senate Majority PAC, FF PAC, FF USA Action, EMILYs List, and GMI PAC. Judge Lewis Kaplan approved an extension of the deadline for submitting third-party petitions to September 13. SBF donated approximately $40 million to political candidates and PACs in 2022, mainly to influence U.S. government policy on cryptocurrency.

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