Bloomberg reports that FTX founder Sam Bankman-Fried has officially submitted a presidential pardon application through the proper channels. SBF is currently serving a 25-year sentence, and his family has reportedly been lobbying the Trump administration for months.
However, there’s significant pushback: Trump stated in January that he has no intention of pardoning SBF, and several crypto-friendly Republican lawmakers are opposed, fearing the political risks are too high. For the crypto industry, this isn't just about one case; it will reignite public discussions on exchange governance, judicial accountability, and the industry's reputation.
Do you think SBF stands a chance at getting pardoned? #FTX #SBF #crypto regulation
However, there’s significant pushback: Trump stated in January that he has no intention of pardoning SBF, and several crypto-friendly Republican lawmakers are opposed, fearing the political risks are too high. For the crypto industry, this isn't just about one case; it will reignite public discussions on exchange governance, judicial accountability, and the industry's reputation.
Do you think SBF stands a chance at getting pardoned? #FTX #SBF #crypto regulation