Sam Bankman-Fried, co-founder of the defunct crypto exchange FTX, has accused the Biden administration of politically targeting him following his donations to Republican campaigns. Bankman-Fried claims his arrest in 2022 was influenced by his shift from a center-left political stance to a more centrist position, which included significant donations to the Republican Party. He alleges that the SEC and DOJ pursued charges against him shortly after these donations. Bankman-Fried's arrest occurred just weeks before a crypto bill he supported was set for a vote and a day before he was scheduled to testify before Congress. House Republicans have suggested the arrest was intended to prevent his testimony. Additionally, the SEC’s Office of Inspector General reported that SEC Chair Gary Gensler’s phone underwent an 'enterprise wipe,' erasing messages from October 2022 to September 2023, raising questions about the timing and motivations behind the charges.