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WASHINGTON, Dec 16 (Reuters) - The Democratic Party's three top campaign groups are preparing to return over $1.1 million they have received from imprisoned cryptocurrency tycoon Sam Bankman-Fried, they said on Friday. In a statement, the Democratic National Committee said it was setting aside $815,000 in funds received from Bankman-Fried in light of "potential campaign finance violations" made by the billionaire. The Democratic Senatorial Campaign Committee said it was setting aside $103,000, and the Democratic Congressional Campaign Committee, which oversees the party's campaign arm for the House of Representatives, said it would set aside $250,000. Bankman-Fried said his pro-Republican outlays have not been disclosed to the public, an area of campaign finance known as "dark money." The Washington Post first reported on the campaign groups' decision to set aside the funds.

☆ FTX founder Sam Bankman-Fried made political contributions under other people's names, US authorities allege
▼ + stars: | 2022-12-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

A federal indictment alleges FTX CEO and founder Sam Bankman-Fried committed several campaign finance violations. Bankman-Fried is accused of donating to politicians under others' names, wire fraud, money laundering, and more. And among the litany of charges levied against Bankman-Fried, he's accused of committing several campaign finance violations. One way that Bankman-Fried defrauded the US, the indictment alleges, is by donating to candidates and political action committees using other people's names. Using these methods, the indictment alleges Bankman-Fried and unnamed others donated more than $25,000 in total in a calendar year, in violation of campaign finance regulations.

☆ Elon Musk praises Kyrsten Sinema for leaving the Democratic Party: 'I hope more of our elected leaders act independently'
▼ + stars: | 2022-12-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Elon Musk praised Sen. Krysten Sinema for leaving the Democratic Party. "I hope more of our elected leaders act independently ...," Musk wrote on Twitter. Elon Musk wrote on Twitter. Musk wrote on Twitter. Arizona Democratic Party Chairwoman Raquel Terán blasted Sinema as someone who "has shown she answers to corporations and billionaires, not Arizonans."

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

Democratic leaders in New Hampshire and Iowa quickly responded that they plan to ignore the DNC, follow state law and hold their nominations as planned. A New Hampshire law explicitly sets the state's primary date ahead of any DNC calendar. The changes could ease Biden's path to re-election by reshuffling the calendar to favor states that supported his nomination, in particular South Carolina. Biden's 2020 presidential campaign was struggling until he won South Carolina and went on to gain the party's nomination. "Joe Biden's political career was defined when South Carolina Democrats essentially handed him the Democratic Party nomination and the presidency," said Scala.

[1/7] U.S. Rep. Hakeem Jefferies (D-NY) walks on the day of House Democratic leadership elections on Capitol Hill in Washington, U.S., November 30, 2022. The vote by Jeffries' fellow Democrats also marked the rise of a younger generation of leaders in the 435-member House and the end of the Nancy Pelosi era. In 2007 she became the first woman to be elected House speaker. Jeffries, a 52-year-old New Yorker, will hold the position of House Democratic leader for the 118th Congress that convenes on Jan. 3. Democratic Senate Majority Leader Chuck Schumer said he was not surprised that Jeffries, a fellow Brooklynite, was chosen.

☆ Dems elect Hakeem Jeffries as first Black House leader
▼ + stars: | 2022-11-30 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsDems elect Hakeem Jeffries as first Black House leaderPostedHakeem Jeffries was unanimously elected on Wednesday (November 30) to become the Democratic Party's top leader in the U.S. House of Representatives beginning in January. This report produced by Chris Dignam.

☆ 'It's an honor' -Hakeem Jeffries elected to replace Pelosi by House Democrats
▼ + stars: | 2022-11-30 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

Politics'It's an honor' -Hakeem Jeffries elected to replace Pelosi by House DemocratsPostedHakeem Jeffries was unanimously elected on Wednesday (November 30) to become the Democratic Party's top leader in the U.S. House of Representatives beginning in January, making him the first Black American to hold such a high-ranking position in Congress.

☆ California Gov. Gavin Newsom said he told Biden he won't run for the White House in 2024 and will support the president's expected reelection bid: 'I'm all in, count me in'
▼ + stars: | 2022-11-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Gavin Newsom told President Biden he was backing his expected 2024 reelection campaign. "He not only beat Trump once, I think he can beat him again," the California governor said of Biden. Newsom told Politico's Jonathan Martin that he "told everyone in the White House" of his decision. Newsom "told everyone in the White House" ranging "from the chief of staff to the first lady" about his intentions, he revealed to Martin — and was firmly behind the president's expected reelection bid. "I'm all in, count me in," Newsom told the pair, per his conversation with Martin.

Japan and Britain hope to agree by the end of the year to merge their next-generation Tempest and F-X fighter programmes, sources said in July. Those talks, aimed at a joint project to field a plane in the mid-2030s, remain on track, according to four other people familiar with the discussions. Japan ended a ban on military exports in 2014 in a bid to promote overseas sales. An export boom, however, failed to materialize because Japan only allowed sales of non-lethal gear such as surveillance and rescue equipment. LDP lawmakers, Onodera said, are also discussing a joint U.S-Japan command structure that could be formed for national emergencies.

☆ Lower valuations, regulatory crackdowns, and a push for DeFi: 5 VCs break down their crypto-market outlooks after FTX's swift downfall
▼ + stars: | 2022-11-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +9 min

FTX, the crypto exchange once worth $32 billion, filed for Chapter 11 bankruptcy on Nov 11. FTX, the crypto exchange reportedly worth $32 billion in February, filed for Chapter 11 bankruptcy on Nov. 11. A regulatory crackdown and the bull case for DeFiInsider asked five venture investors about their biggest takeaways from the fallout. "First, the crypto market is being de-leveraged, which paves the way for the next upturn. Risks of FTX's downfall could have been mitigated with a "hands on approach" by venture investors.

☆ Pelosi snubs Trump in leadership exit announcement, says she 'enjoyed' working with 3 presidents: Bush, Obama, and Biden
▼ + stars: | 2022-11-17 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

House Speaker Nancy Pelosi announced she's stepping down from leadership after two decades. She mentioned she 'enjoyed' working with three presidents: Bush, Obama, and Biden. Speaking on the House floor, Pelosi took a victory lap over legislative achievements she'd had under former Presidents George W. Bush, Barack Obama, and Joe Biden, holding up three fingers and saying she "enjoyed working under three presidents." Without saying "Trump," however, Pelosi did reflect on the threat posed to democracy when a mob of Trump supporters attacked the Capitol on January 6, 2021. Pelosi later told reporters that she ripped up the speech because "it was the courteous thing to do considering the alternatives."

☆ Nancy Pelosi announces leadership exit after 2 decades leading House Democrats
▼ + stars: | 2022-11-17 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

House Speaker Nancy Pelosi announced that she is stepping aside from her leadership role. The decision comes after Republicans narrowly won the House majority. The decision comes in the wake of Republicans narrowly winning the House majority, ending Pelosi's latest two consecutive terms as Speaker. "Never had I thought that someday I would go from homemaker to House Speaker," the California Democrat, first elected in 1987, said. At 82, Pelosi has long served alongside House Majority Leader Steny Hoyer, 83, and House Majority Whip Jim Clyburn, 82, in leadership.

☆ Kamala Harris, Philippines' Marcos to discuss Taiwan -envoy
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Vice-President Kamala Harris delivers remarks at the Pennsylvania Democratic Party's third annual Independence Dinner in Philadelphia, Pennsylvania, U.S., October 28, 2022. Reuters/Tasos KatopodisMANILA, Nov 17 (Reuters) - Tension over Taiwan is expected to be on the agenda when U.S. Vice President Kamala Harris meets Philippine President Ferdinand Marcos Jr next week, Manila's ambassador to Washington said on Thursday. "I'm sure they will touch on the Taiwan situation," Ambassador Jose Manuel Romualdez told Reuters by telephone, adding that the Philippines wants to play a role in peaceful co-existence between the United States and China. It has frequently accused the United States in recent years of encouraging Taiwan independence. If there is a conflict that happens in Taiwan, nobody is going to be spared," Romualdez said.

☆ From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight
▼ + stars: | 2022-11-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Alameda's success spurred the launch of crypto exchange FTX in the spring of 2019. A Twitter fight with the CEO of rival exchange Binance pulled the mask off the scheme. Alameda, FTX and a host of subsidiaries Bankman-Fried founded have filed for bankruptcy protection in Delaware. On Nov. 2, CoinDesk reported a leaked balance sheet showing that a significant amount of Alameda's assets were held in FTX's illiquid FTT token. On Nov. 6, according to Bankman-Fried, the exchange had roughly $5 billion of withdrawals, "the largest by a huge margin."

“Senate Democrats have been committed to restoring balance to the federal judiciary with professionally and personally diverse judges,” Senate Majority Leader Chuck Schumer told NBC News on Saturday night. Senate Republican leaders told NBC News before the election that if they took the majority, they would use their power over the floor to compel Biden to send more centrist judges that GOP senators could support. He said Democrats keeping control means that if a Supreme Court vacancy were to open up, Biden’s nominee would be assured a vote. While the current 50-member Democratic caucus has been unified behind Biden’s judicial nominees, a 51st seat for the party could further embolden it. As a practical matter, that means Democrats currently need Republican sign-off to confirm judges in red states.

☆ Marjorie Taylor Greene's campaign cleared of wrongdoing after Georgia Democrats accused her of giving too much money to Herschel Walker's campaign
▼ + stars: | 2022-11-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

The Georgia Democratic Party accused Rep. Marjorie Taylor Greene's campaign of violating federal election law. It accused Greene's campaign of exceeding federal limits in supporting Herschel Walker's Senate campaign. The Federal Election Commission, a notoriously deadlocked group, unanimously dismissed the complaint. Hogan alleged that in addition to straight-up donating $2,000 to Walker's campaign, Greene's campaign published more than $3,000 of Facebook advertisements supporting Walker's candidacy. He said the posts were coordinated with Walker's campaign and should count as an in-kind donation, which would therefore place her campaign above the $2,000 contribution limit.

☆ Republican Rep. Lauren Boebert is trailing with most votes counted in Colorado's 3rd Congressional District
▼ + stars: | 2022-11-09 | by ( Madison Hall | ) www.businessinsider.com time to read: +1 min

Rep. Lauren Boebert, an outspoken right-wing freshman lawmaker, is in a tight battle for reelection. Democrat Adam Frisch is facing off against her in Colorado's 3rd Congressional District. Boebert's been a thorn in the Democratic Party's side while in office. Voters elected Boebert into office in 2020, and the representative from Rifle, Colorado, has used her position to be a thorn in the Democratic Party's side. Since taking public office, she's denied the 2020 presidential election results, interrupted President Joe Biden's State of the Union speech, and denigrated a Democratic member of Congress over their religion.

☆ Cobb County, a longtime GOP stronghold, will be critical for Democratic Sen. Raphael Warnock in Georgia's December runoff
▼ + stars: | 2022-11-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Cobb County, a one-time GOP stronghold, is now critical for Democrats running statewide in Georgia. Warnock's strong suburban support will be key as he again faces Walker in a Dec. 6 runoff election. With over 95% of county precincts reporting in the Senate race, Warnock was leading Walker by nearly 17 points (57%-40.5%) in Cobb County. The current raw vote total is 175,387 votes for Warnock to 125,324 votes for Walker, an advantage of over 50,000 votes in this jurisdiction for the incumbent. Which begs the question: why has Cobb County become such a bellwether for statewide Democrats?

Republican Brian Kemp won a second term as Georgia's governor. Stacey Abrams sought to oust Kemp from office in a rematch of their 2018 gubernatorial contest. Kemp touted his conservative record as governor, while Abrams wants a new approach in Atlanta. Georgia Republican Gov. Brian Kemp, defeated Democrat Stacey Abrams in Georgia's gubernatorial election.

☆ Obama warns 'more people are going to get hurt' if political climate persists
▼ + stars: | 2022-11-02 | by ( Daniel Trotta | ) www.reuters.com time to read: +2 min

Nov 1 (Reuters) - Democratic former President Barack Obama on Tuesday warned that "more people are going to get hurt" unless the U.S. political climate changes, after the husband of the Speaker of the House was attacked by a man wielding a hammer. "If that's the environment that we create, more people are going to get hurt." The Obama tour will continue on Wednesday in Arizona and Saturday in Pennsylvania, two more states with tight races for governor and senator. The Nevada race could determine which party controls the Senate, which is split 50-50 and in Democratic hands only because Vice Present Kamala Harris can break any ties. In the race for governor, Democratic incumbent Steve Sisolak is locked in a close race with Republican challenger Joe Lombardo, the Clark County sheriff.

☆ Republican Gov. Brian Kemp and Democrat Stacey Abrams face off in the Georgia gubernatorial election, a rematch of their 2018 contest
▼ + stars: | 2022-10-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Republican Brian Kemp is seeking re-election to a second term as Georgia's governor. Stacey Abrams is seeking to oust Kemp from office in a rematch of their 2018 gubernatorial contest. Brian Kemp, who narrowly defeated Democrat and former Georgia House of Representatives Minority Leader Stacey Abrams in the 2018 gubernatorial race, is running for reelection in a rematch of that race. However, Kemp has also frustrated the most prominent Republican official in the country — former President Donald Trump. The former president credits his endorsement of Kemp as a turning point in boosting the now-governor in both the 2018 Republican primary and in that year's general election.

"Enough is enough is enough," Biden told supporters in Philadelphia. "Democracy is literally, not figuratively, on the ballot this year," said Biden, who warned about the dangers of extremism in an impassioned speech in Philadelphia last month. The speech is part of big push by top Democrats to boost Pennsylvania Democrats in the closing stretch ahead of the Nov. 8 midterm election. "I absolutely do believe that John Fetterman will win this election," Harris told reporters ahead of a speech in Philadelphia. Trump, Biden's 2020 election opponent potential 2024 adversary, is expected to campaign in Pennsylvania next weekend as well.

☆ Japan's stimulus plan must exceed $100 bln, says ruling party executive
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Oct 23 (Reuters) - Japan's promised economic stimulus must be big enough to exceed the economy's output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday. "The gap in Japan's gross domestic product (GDP) is now around 15 trillion yen. It's not enough to just fill this gap," said Yoshitaka Shindo, executive acting chairperson of the ruling Liberal Democratic Party's (LDP) policy research council. The remarks add to growing calls among ruling party officials for hefty spending to ease the strain from rising inflation on households. On monetary policy, Shindo said while the Bank of Japan must eventually exit ultra-easy policy, doing so now would be premature as Japan's economy and wage growth remain weak.

☆ Ohio Democratic Senate nominee Tim Ryan questions why the national party hasn't invested in his race, says they 'have been known not to make very good strategic decisions'
▼ + stars: | 2022-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Tim Ryan questioned why national Democrats haven't gotten involved in his Ohio Senate race. "National Democrats have been known not to make very good strategic decisions over the years," Ryan told The Post. Ohio Republican Senate candidate JD Vance speaks to reporters following a GOP debate at Central State University in Wilberforce, Ohio, on March 28, 2022. In his interview with The Post, Ryan openly pondered why Democratic Party leaders "don't smell blood" in taking down Vance, a former venture capitalist who wrote the bestselling memoir "Hillbilly Elegy." "We're going to continue making strategic, effective decisions that put us in the best position possible to accomplish our mission: defending our Democratic Senate majority," he told the newspaper.

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