๐ #ftt SBF has filed for a pardon with Trump.
That's right, the FTX saga has a new chapter. It's been confirmed today that **Sam Bankman-Fried (SBF) has officially submitted a formal presidential pardon request** to Donald Trump, trying to cling to the same clemency strategy that worked for other figures in the sector.
However, the outlook for SBF is pretty uphill given the stance from the White House:
* **Trump's slam door:**
Despite the intense lobbying campaign initiated by SBF's parents (Stanford law professors Joseph Bankman and Barbara Fried) and Sam's obvious shift to the right in his recent public statements to win over the Republican side, **Trump and White House spokespeople have made it clear that they are not considering granting the pardon**.
* **The difference with other cases:**
** Although Trump has recently pardoned crypto ecosystem profiles like Ross Ulbricht (Silk Road) or Changpeng Zhao (CZ), the White House distinguishes these cases (focused on regulatory or compliance issues) from the FTX disaster. The collapse caused by SBF involved direct fraud of over **$8,000 million** that affected millions of retail users, a political and social cost that Trump doesnโt seem willing to shoulder.
With the presidential pardon route practically dead after the executive's firm statements, the only card left for SBF to cut or overturn his 25-year sentence is his current appeal process in the Second Circuit Court of the U.S.
The odds on prediction platforms like Polymarket for his amnesty have completely plummeted following Washington's rejections.
#TRUMP #SamBankman-Fried #FTX #DonaldTrump $FTT
That's right, the FTX saga has a new chapter. It's been confirmed today that **Sam Bankman-Fried (SBF) has officially submitted a formal presidential pardon request** to Donald Trump, trying to cling to the same clemency strategy that worked for other figures in the sector.
However, the outlook for SBF is pretty uphill given the stance from the White House:
* **Trump's slam door:**
Despite the intense lobbying campaign initiated by SBF's parents (Stanford law professors Joseph Bankman and Barbara Fried) and Sam's obvious shift to the right in his recent public statements to win over the Republican side, **Trump and White House spokespeople have made it clear that they are not considering granting the pardon**.
* **The difference with other cases:**
** Although Trump has recently pardoned crypto ecosystem profiles like Ross Ulbricht (Silk Road) or Changpeng Zhao (CZ), the White House distinguishes these cases (focused on regulatory or compliance issues) from the FTX disaster. The collapse caused by SBF involved direct fraud of over **$8,000 million** that affected millions of retail users, a political and social cost that Trump doesnโt seem willing to shoulder.
With the presidential pardon route practically dead after the executive's firm statements, the only card left for SBF to cut or overturn his 25-year sentence is his current appeal process in the Second Circuit Court of the U.S.
The odds on prediction platforms like Polymarket for his amnesty have completely plummeted following Washington's rejections.
#TRUMP #SamBankman-Fried #FTX #DonaldTrump $FTT