Sam Bankman-Fried alleges that his arrest was politically motivated, citing a shift to centrist politics and secret Republican donations that reportedly drew regulatory scrutiny from the Biden administration.
FTX founder Sam Bankman-Fried claimed on GETTER that the Biden administration targeted him for political reasons. He stated that while he held center-left political views in 2020, he shifted to a centrist position by 2022 after observing what he described as anti-crypto regulatory actions by SEC Chair Gary Gensler and the administration. SBF revealed he had secretly donated tens of millions of dollars to the Republican Party before being investigated by the SEC and DOJ. He claimed his December 2022 arrest—on the eve of a congressional vote and his planned crypto legislation testimony—was intended to silence him. He cited Republican lawmakers who said Gensler lost internal SEC communications related to the matter. The post was published by a friend with access to his account.