Winklevoss Calls for New Probe Into SBF’s Dropped Campaign Finance Charges  

• Winklevoss seeks a probe into the dropped campaign finance charges against SBF.  
• The DOJ dismissed charges related to $100M campaign violations, sparking controversy.  
• FTX bankruptcy reorganization plan to begin in January after $8B lost in customer funds.  

Cameron Winklevoss, co-founder and CEO of Gemini, has called for a fresh investigation into the campaign finance violations involving Sam Bankman-Fried (SBF), the founder of the collapsed FTX exchange. 

This comes after the U.S. Department of Justice (DoJ) dropped charges last year despite evidence suggesting SBF funneled over $100 million into political campaigns.

Winklevoss has publicly demanded that the new Attorney General review why these charges were dismissed, particularly given the significant political implications.

The charges, which were initially dropped in mid-2023, accused SBF of violating campaign finance laws by illegally donating large sums to Democrat-affiliated election campaigns. 

According to Winklevoss, the public should know why the DoJ decided to remove these charges, especially related to funding political activities. 

This move has stirred controversy within the political and cryptocurrency communities, as many are concerned about the potential erosion of trust in government institutions when high-profile cases are not fully prosecuted.

In addition to calling for a renewed probe into the dropped charges, Winklevoss praised Scott Bessent’s nomination as Treasury Secretary, noting that Bessent aligns with crypto values.

The nomination further amplifies Winklevoss’s belief that the crypto market needs stronger advocacy and protection from political forces, which he suggests are influenced by figures like SBF.

The collapse of FTX and the subsequent fallout left billions in losses for investors, including Gemini, which was indirectly affected.

While several top FTX executives have been sentenced for their roles in the scandal, such as Caroline Ellison and Ryan Salame, others, including Gary Wang and Nishad Singh, escaped prison time. 

As FTX now moves forward with its reorganization plans, set to begin in January, it hopes to repay some of the affected customers, but significant challenges remain.