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Sam Bankman-Fried Claims Biden Administration is Targeting Him Due to Contributions to Republican Party
Sam Bankman-Fried, the co-founder of the defunct cryptocurrency exchange FTX, asserted that his arrest in 2022 was influenced by political factors after he redirected his political contributions towards Republicans and lost favor with the Biden administration.
On Wednesday, he shared on the microblogging platform GETTR that he transitioned from a center-left viewpoint in 2020 to a more centrist perspective in 2022, following his observations of stringent crypto enforcement under SEC Chair Gary Gensler and the Justice Department.
“By 2022—having witnessed Gensler/Biden’s DOJ on crypto—I had become a centrist, and (privately) contributed tens of millions to Republicans,” he stated.
gm @GETTRofficial https://t.co/GsY3bFkgKM
— SBF (@SBF_FTX) October 15, 2025
Bankman-Fried Alleges Authorities Targeted Him Before Crucial Crypto Vote
He alleged that shortly thereafter, the SEC and DOJ “went after me,” timing his arrest just prior to a crypto bill he endorsed being voted on and merely a day before he was set to testify before Congress.
At that time, House Republicans claimed the timing seemed aimed “to prevent Sam Bankman-Fried from testifying,” and requested that Gensler provide internal communications.
In his post, Bankman-Fried reiterated those concerns, stating that Gensler “conveniently lost” the pertinent messages.
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SEC Acknowledges Gensler’s Phone Wipe Erased Nearly A Year Of Texts
Last month, the SEC’s Office of Inspector General confirmed that Gensler’s government-issued phone experienced an “enterprise wipe” that deleted texts from October 2022 to September 2023. The office indicated that the phone ceased syncing with the agency system in July 2023 and was marked “inactive” for 62 days, despite operating normally.
This deletion period coincided with significant SEC enforcement actions against cryptocurrency companies, along with FTX’s collapse in November 2022 and Bankman-Fried’s arrest in December in the Bahamas.
Coinbase has since accused the SEC of erasing nearly a year of Gensler’s messages, calling for sanctions over what it termed “destruction of evidence.”
Lawmakers Initiate Inquiry Into SEC’s Management Of Gensler’s Missing Messages
House Republicans have also commenced an investigation into the deletion of nearly a year’s worth of text messages from former SEC Chair Gary Gensler, citing issues related to transparency, IT mismanagement, and adherence to federal record-keeping regulations.
Bankman-Fried remains incarcerated at FCI Terminal Island following his conviction in one of the largest financial fraud cases in history. Prosecutors alleged that he misappropriated billions in customer funds for his hedge fund, Alameda Research, utilizing them for high-risk trades, real estate, and political contributions.
Once regarded as a cryptocurrency prodigy and a significant political contributor, Bankman-Fried now faces years in prison while continuing to assert that his downfall was influenced as much by political motives as by mismanagement.
The post Sam Bankman-Fried Accuses Biden Admin of Going After Him for Donating to Republicans appeared first on Cryptonews.
