Bloomberg reports that FTX founder SBF has officially submitted a presidential pardon request to Trump through the appropriate channels.
The focus here isn't just on whether he can get pardoned, but rather how this legacy case from the crypto scene is re-entering the political narrative: SBF is still serving a 25-year sentence, and his family has reportedly been lobbying for months; however, Trump has previously stated he has no intention of granting a pardon, and several pro-crypto Republican lawmakers oppose it as well, fearing the political risks are too high.
In the short term, this feels more like legal and political news, with limited direct impact on the market; but if there's a shift in attitude down the line, it could reignite discussions around FTX, regulation, and the industry's image.
#FTX #SBF #CryptoRegulation
The focus here isn't just on whether he can get pardoned, but rather how this legacy case from the crypto scene is re-entering the political narrative: SBF is still serving a 25-year sentence, and his family has reportedly been lobbying for months; however, Trump has previously stated he has no intention of granting a pardon, and several pro-crypto Republican lawmakers oppose it as well, fearing the political risks are too high.
In the short term, this feels more like legal and political news, with limited direct impact on the market; but if there's a shift in attitude down the line, it could reignite discussions around FTX, regulation, and the industry's image.
#FTX #SBF #CryptoRegulation