KIRSTEN GILLIBRAND is one of the main advocates for crypto regulation in the US Congress, pushing for a crypto bill to be introduced into law.
But, what is the story behind the New York senator? What is her net worth? And how much money has she taken in donations from FTX?
Who is Kirsten Gillibrand?
Kirsten Gillibrand was born on December 9, 1966 in Albany, New York.
She was born and raised in the state before moving to Hanover, New Hampshire to study at Dartmouth College.
Upon graduation in 1991, she undertook a legal career before working with Hillary Clinton on her bid to become a US senator in the 2000 election.
Follow 24/7 Crypto on Twitter for the latest news and developments as they happen
Just six years later she became a congresswoman herself, elected to the House of Representatives in 2006 to represent New York’s 20th congressional district.
In 2010 Gillibrand moved to the Senate, replacing Hilary Clinton as the senator for New York after the former First Lady was appointed by Barack Obama to serve as Secretary of State.
Gillibrand announced her intentions to run for the Democratic nomination for the 2020 Presidential election in 2019 but dropped out of the race after just five months.
READ MORE ON 24/7 CRYPTO
Kirsten Gillibrand and crypto regulation
Kirsten Gillibrand has been at the forefront of pushing for a crypto bill in the US.
She has been one of the two biggest cheerleaders for crypto regulation on Capitol Hill.
Working with the Republican party’s Cynthia Lummis, the pair have put forward legislation that aims to establish comprehensive regulatory guidelines for the crypto industry.
The bill would make the Commodity Futures Trading Commission the industry watchdog for crypto firms, and would also lead to Bitcoin and other cryptocurrencies being defined as securities that require registering with the Securities and Exchange Commission.
How much did Kirsten Gillibrand receive in donations from FTX’s Sam Bankman-Fried and other crypto executives?
Despite pushing for crypto regulation, Kirsten Gillibrand has received a number of donations from firms in the sector.
She has received more than $1.3million in donations, according to a campaign finance report released last year. Over $150,000 of the money donated came from those involved in crypto.
The now disgraced former CEO of FTX, Sam Bankman-Fried, donated $5,800, while FTX.US President Brett Harrison gave $2,900.
The rest of her donations from crypto executives came from the likes of Multicoin Capital, Meta, Andreessen Horowitz, the Texas Blockchain Council, and Charles Cascarilla of Paxos.
What is Kirsten Gillibrand’s net worth?
Kirsten Gillibrand is thought to have a net worth of just $500,000-$600,000. It makes her one of the poorest Senators in the US.
Her net worth comes from her salary as a US Senator ($174,000) and from $50,000 she has earnt in sales from her children’s book “Bold & Brave”, which was about ten women who fought for the right to vote.
