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Politics

Virginia Van Zandt

McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

Kevin McCarthy FTX Sam Bankman-Fried Crypto Republican Federal Election Commission US House of Representatives US Treasury

House Minority Leader Kevin McCarthy (R-CA) speaks during his weekly press conference at the U.S. Capitol on November 21, 2019 in Washington, DC. McCarthy said that his caucus would like to be passing legislation but are unable to do so because the Democrats have focused their efforts on impeaching President Donald Trump. (Photo by Alex Edelman/Getty Images)

WASHINGTON — Speaker of the House-nominee Kevin McCarthy received some $2 million from a co-founder of FTX, the crypto startup that cost investors more than $8 billion and prompted numerous federal investigations for fraud and misuse of funds.

FTX co-founder Ryan David Salame gave $8,700 directly to Rep. McCarthy’s 2022 congressional campaign, and chipped in another $2 million to the Congressional Leadership Fund, which McCarthy controlled, according to Federal Election Commission reports.

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