Cameron Winkelvoss questions SBF’s $100m campaign finance breach

Cameron Winkelvoss, the founder and CEO of Gemini, recently called into question the fallout of the controversial lawsuit related to the missing-FTX co-founder Sam Bankman Fried in the X post.

“It would be nice if the Attorney General investigated why the campaign finance charges were dropped. Why was it not in the public's interest to indict the 100 million dollars of stolen client money given to the Democrats to influence the election?

SBF 100M campaign finance violations

He asked the incoming attorney general to investigate SBF's $100 million campaign finance violations. Notably, the Department of Justice (DOJ) dropped these charges in the middle of last year, depoliticizing the SBF story. He also stated that it is in the public interest to know why the money went to support the democratic elections, which received a lot of response among crypto stakeholders.

In response to Cameron's post, he noted that public confidence in the legal system is higher when cases involving political donations are closed and prosecutions are dropped. The user highlighted that people expect the justice system to fully investigate financial crimes, especially crimes that could affect political decisions or outcomes.

Cameron praised Trump's choice for Treasury Secretary

In the latest development, Donald Trump has chosen hedge fund veteran Scott Besant to serve as Treasury Secretary. It ended up being a hotly contested search for the spot, which featured several big names in the running. Tesla CEO Elon Musk publicly endorsed Howard Lutnick as a candidate who could bring about important change, comparing Lutnick's approach to Besant's more traditional stance. However, Bessant remains a supporter of Trump's economic policies, particularly his stance on tariffs.

In another X post, the Wnklevoss twin praised the appointment of Scott Bessant as Treasury Secretary. He notes that Scott Bessant gives excellent explanations of the war on crypto. He also pointed out that the Democratic Party is trying to destroy crypto to distract from taking $100 million+ in illegal donations of FTX clients' money stolen from SBF.

After former FTX head of engineering Nishad Singh successfully served time in prison during his sentencing by Judge Louis Kaplan last month, Gary Wang escaped prison by cooperating with prosecutors.

Also, at the sentencing, prosecutors said that since testifying against the former FTX CEO, Wang had “put his extraordinary computer programming skills to use in detecting potential fraud in the stock and cryptocurrency markets” and built an interface with the government. It began to be used by publicly traded companies to detect potential fraud.