Emmer's Ties to Collapsed Crypto Firm FTX Raise Concerns, Complicate Speaker Bid
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House Majority Whip Tom Emmer received donations from and publicly supported now-collapsed crypto firm FTX and its founder.
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Emmer was part of the "Blockchain Eight" who tried to stop SEC oversight of FTX.
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Emmer has close ties to a former FTX executive's girlfriend, whom he mentored in her failed 2022 House bid.
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Emmer's support of FTX has spooked some Republicans and prompted ethics concerns from Democrats.
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Emmer's cozy relationship with FTX could impede his bid to become House Speaker.