FTX Scandal Helped McCarthy Sabotage Red Wave

Kevin McCarthy (R-CA) and the Members of the House Freedom Caucus collaborated to block inquiries into the crypto exchange (FTX). McCarthy has had links to Ukraine, boosting his political campaign through the 2022 midterms. With millions of dollars from FTX, McCarthy beat Republican candidates and smear campaigns to become Speaker of the House.

Warren Davidson (R-OH) and Byron Donalds (R-FL), members of the Freedom Caucus, were involved in a Republican-Democrat team-up that took information from the Security and Exchange Commission about the FTX scandal and its illegal activities on a global scale. National File obtained a letter dated March 16, 2022, sent to SEC officials by Congress members, which was meant to halt investigations. McCarthy, Davidson, and Donalds signed the letter, which also was signed by Darren Soto (D-FL), Jake Auchincloss (D-MA), and Josh Gottheimer (D-NJ).

The letter to the SEC represents Democrats and Republicans working together as a uni-party to protect the FTX and the illegal cash flow from Ukraine’s corruption. FTX founder Sam Bankman-Fried and his executives face significant prison sentences for the scandal, described as a Ponzi scheme. The letter brings the question of whether McCarthy and his acting constituents will be in legal trouble too.

Americans want to know what the uni-party Congressman knew about the millions of dollars they received from FTX and when they knew any information. Many have also been asking why both parties are involved in halting an investigation into the recently named biggest financial crime scandal in history. Money from FTX ultimately protected McCarthy in the midterms when he used it in his Congressional Leadership Fund (CLF) to defeat other conservative candidates.

The NRCC was used during midterms to enforce compliance with McCarthy’s advertisements and campaign agendas. But candidates who were too far right were not given an adequate level of compliance from the NRCC. America First icons Jarome Bell and Laura Loomer were some candidates whose advertisements McCarthy used to rail against them went unnoticed. GOP candidates and their supporters cannot expect to receive fair treatment from Kevin McCarthy if their agenda is labeled too far right.