This week, I was joined by Representatives Louie Gohmert (R-TX-01), Mary E. Miller (R-IL-15), and Byron Donalds (R-FL-19) in sending a letter to Secretary of State Blinken, regarding the billions of taxpayer dollars sent to Ukraine to assist with their war efforts that were potentially invested in a crypto exchange (FTX) that then made massive donations to Democrats during the 2022 midterm elections.
In the aftermath of the collapse of FTX, serious concerns have surfaced over the connection between FTX Founder and CEO Sam Bankman-Fried, the Democrats, and Ukraine. Specifically, the Ukrainian Government may have invested portions of the $66 billion of U.S. economic assistance into FTX Limited. Sam Bankman-Fried was the second-largest contributor to Democrat-affiliated PACs and organizations this year, behind George Soros.
In the letter, we also highlight that Gabe Bankman Fried, brother of FTX’s founder, worked until last year for Democrat Congressman Sean Casten of Illinois, who sits on the House Financial Services Committee that oversees cryptocurrencies and Initial Coin Offering (ICO) markets.
This whole situation stinks to high heaven. I voted against Ukraine spending in the House and for good reason. We have no idea where this money is going and how much is actually going to support Ukraine’s defense. Now that we have the Majority in the House, we will get to the bottom of this.
Among several questions in the letter, we're demanding answers on whether the State Department has any knowledge that the Biden Administration or Congress knew the Ukrainian assistance would be funneled back to assist the Democrats in the 2022 midterms, and whether or not there will be an audit on how the assistance has been spent.
