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Oregon elections officials on Wednesday fined the Democratic Party of Oregon $35,000 for failing to disclose in a timely manner that a $500,000 donation came from an FTX executive. A lawyer for the party said it would appeal.

An executive at defunct cryptocurrency exchange FTX made a $500,000 contribution to the Democratic Party of Oregon — but not in his own name.

Oregon's new elections director worked for the Democratic Party of Oregon but will nonetheless oversee an investigation of the party's large cryptocurrency donation.