Crypto billionaire fallout: Rivals blast Jonathan Jackson for not filing personal finance disclosure

Samuel Bankman-Fried, founder and CEO of FTX

Saul Loeb/AFP

Democratic House primary candidate Jonathan Jackson was blasted by two leading rivals, Ald. Pat Dowell and state Sen. Jacqueline Collins, on Monday for not filing his required personal financial disclosures and deplored the $500,065 being spent by a crypto billionaire’s PAC to elect him.

The Sun-Times revealed Sunday how the “Protect Our Future” political action committee is spending $914,944 to influence the outcome of three Democratic House primaries in Illinois at the same time the billionaire funder of the PAC, Samuel Bankman-Fried, is trying to shape how Congress regulates the digital asset industry.

While Bankman-Fried’s PAC — he donated $23 million of the $24 million it collected — is pushing for more “pandemic preparedness,” the reality that he has substantial digital asset policy matters before Congress can’t be ignored.

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Dowell said in a statement that Bankman-Fried “is trying to buy the election with a $500,000 TV ad purchase supporting Jackson. Even before the votes have been counted, Jackson has already put up a ‘For Sale’ sign.”

The Sun-Times revealed on June 2 that Jackson did not file the report mandated for all House candidates, detailing income, assets, loans and debts — though all his top rivals followed the law. Jackson told the Sun-Times “that’s an oversight and a mistake that I did not file” and he “absolutely” will submit his filing.

In a story posted Sunday, the …read more

Source:: Chicago Sun Times

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