charges. the latter complaint is alleging that he york orchestrated a scheme. something john ray s testimony today confirmed. i want to share a quote from sec chair who sbf met with numerous times. he says ftx operated behind a veneer of legitimacy that was fraudulent. the collapse highlights the real risks that unregistered crypto asset trading platforms can pose for investors and customers alike. that line foreshadows how regulators will seek to use this for regulation. no request has been made yet. we can expect it coming. there is a lot of frustration surrounding why it was brought just before he was supposed to testify today. i want to note the indictment was actually filed under seal on friday and that was when sbf was
from the founder. i am really needing to this in a bipartisan way. it is thinking hard about who are the people who are really public servants? when you dig into the numbers, the bipartisan claim falls flat. he gave nearly $40 million. 92% went to democratic candidates or left wing group and 25 democrats this cycle. in a podcast earlier this year the former ceo made it clear he could spend up to a billion on the 2024 elections especially if former president trump were to run. the donations particular ng particularly eyes are those made to kirsten gillibrand who sponsored a bill sidelining the sec when it comes to regulating the crypto industry delivering a big win for the industry since the sec chair has taken an aggressive stance toward crypto.
and deliver a big win for the industry since sec chair has taken an aggressive stance toward crypto. sam met frequently with white house officials. critics are questioning how much of that influence was due to the money he funneled toward ftx friendly candidates. in a podcast this year the former ceo made it clear he could spend up to a billion dollars. a record by the way, on the 2024 elections especially if former president trump were to run. weeks ago he walked that number back when their lick i had tee crunch grew. we haven t saved comment from the campaign donations. many are questioning if campaigns could keep the money? $30 to 40 million so far ballpark? yeah, wild. bill: kelly o grady in los angeles. if that continues the way story
christine, break this down for us. what is the s.e.c. accusing her of. she has settled this charge with the s.e.c. they say that she unlawfully used her instagram account to promote a currency token, a cryptocurrency token, and did not disclose to her many, many followers that she was being paid $250,000 to do that. now, the s.e.c. it s job is to protect investors and they are saying just because a celebrity or influencer saying something about a potential financial product don t necessarily believe it. this case is a reminder according to the s.e.c. that when celebrities or influencers endorse investment opportunities it doesn t mean that those investment products are right for all investors. that s from the s.e.c. chair who has said in the past he is very keen on protecting investors from the cyber from crypto kind of promotions you re seeing. you ve seen a lot of investors a lot of influencers and celebrities get
she s accused of promoting a cryptocurrency on instagram without disclosing that she d been paid $250,000 to do so. the s.e.c. chair says the case is a reminder that celebrities endorse investment products that may not be right for everyone. kardashian paid penalties without admitting or denying its findings. and there s a nationwide cheese recall. the important details you need to know. they re straight ahead. .and whed a way to face it. for some,. .this is where their keytruda story begins. keytruda a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced melanoma, which is a kind of skin cancer where keytruda may be used when your melanoma has spread or cannot be removed by surgery. keytruda helps your immune system fight cancer. .but can also cause your immune system to attack healthy parts of your body.