• Politics,  Regulation

    FTX CEO Comes After SBF Parents

    Bankman and Fried sued by John Ray for alleged lavish treatment

    There’s a Rodney Dangerfield joke, “My high school was tough. After they sacked the quarterback, they went after his family.” We’re now seeing a little bit of that toughness directed at Bankman, Fried and Bankman-Fried family members. Over the weekend, a BusinessWeek cover story ran with the headline “How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire.” The story itself was not so bad and there’s no smoking gun — it’s 5,000 words of high-powered parents advising their privileged son. Hardly surprising to anyone who’s followed this case or knew of his parents, whom BusinessWeek says, “both renowned Stanford scholars, [they] opened doors for their son and provided a halo effect…

  • Innovators,  Politics

    Sam Bankman-Fried Political Donations Were Hardly ‘Bi-Partisan’

    Dems got 99.5% of disgraced dough, but GOP got plenty from other FTXers

    One of the weird little elements to the Sam Bankman-Fried debacle —and there are so many, and we journalists are quite grateful for them — has been the determined way the media has tried to make his political donations appear bi-partisan. “The FTX scandal is prompting lawmakers from both parties,” wrote Politico, “to symbolically give up campaign contributions from the crypto exchange’s top executives, underscoring the firm’s political toxicity in the aftermath of its collapse.” “[Sam] Bankman-Fried, 30, and his younger brother Gabriel donated lavishly to members of both political parties,” the New York Post noted. In fact, SBF was the seventh largest donor of the entire 2022 cycle, according…

  • Politics

    New York Times Reveals an SBF-DeSantis connection

    Previously unreported meeting puts Fla gov in a room with Sam Bankman-Fried

    Buried in the 29th paragraph of a truly nauseating story about fallen crypto guru Sam Bankman Fried’s pay-for-play connections to celebrities and influencers, the New York Times drops a heretofore unreported political name into the mix. According to the Times, the investor Bryan Baum “helped Mr. Bankman-Fried and his younger brother, Gabe, schedule a meeting in Miami with Ron DeSantis, Florida’s governor, according to three people familiar with the matter and messages viewed by The Times.” The Times offered no further details about the meeting with Gov. DeSantis — when it occurred or its purpose. Modern Consensus will continue to report on this development and will update this story as…

  • Cryptocurrencies,  People,  Politics,  Technology,  United States

    Can Cryptocurrency Disrupt The Dollar?

    Meme token pumps, politicians give their take, and old vs new money

    Santa Floki On Christmas day, Elon Musk made a seemingly harmless tweet about his dog, Floki, wearing a Santa Claus costume. The CEO of Tesla and SpaceX generates social media buzz with nearly every tweet he makes. This tweet in particular caused some select individuals to make a lot of money. Santa Floki (HOHOHO) is one of the thousands of dog based meme tokens that float around the cryptocurrency community. The meme token has seen gains of over 5000% in a couple days, all because of an Elon Musk tweet. Musk was not referring to the Santa Floki token, but was literally making a Twitter post about his dog for…