Washington lobbyists that supported cryptocurrency exchange FTX have decided to sever ties with it after the company's collapse, which was prompted by financial issues, CNBC reported on Monday, citing sources familiar with the matter.
According to one of the sources, Eliora Katz, a former aide to Republican Sen. Pat Toomey, who was FTX's sole in-house lobbyist, is no longer working for the company. In addition, ex-GOP Rep. Mike Conaway, who was running a lobbying shop Conaway Graves Group, also abandoned the company, writing in an email that he will no longer be "representing FTX in any capacity moving forward."
As per another source, a trade group representing technology companies, the Chamber of Progress, also pulled back from working with FTX, while the Association for Digital Asset Markets deleted anything related to the latter from its website. The company recently filed for bankruptcy.
