• President Trump formally dominated out a pardon for Sam Bankman-Fried, confirming he is not going to intervene within the FTX founder’s 25-year sentence.
  • The choice got here throughout a broader dialogue the place Trump additionally rejected clemency for Sean “Diddy” Combs, Robert Menendez, and Nicolás Maduro.
  • Regardless of SBF’s makes an attempt to courtroom a Republican viewers and his mother and father’ lobbying efforts, Trump has distinguished this fraud case from different crypto pardons like Ross Ulbricht and CZ.

Properly, that’s it for Sam Bankman-Fried, the notorious founding father of the disgraced FTX trade, as Trump dominated out the potential for pardoning him, in line with The New York Instances.

Throughout a wide-ranging dialogue about potential clemency for a number of high-profile figures, the President was requested whether or not he would take into account pardons for folks together with Venezuela’s Nicolás Maduro, former New Jersey Sen. Robert Menendez, rapper Sean “Diddy” Combs, and Bankman-Fried. 

Whereas explaining why he wouldn’t intervene in Combs’ prostitution-related case, Trump additionally indicated he didn’t intend to assist Bankman-Fried, the report mentioned. 

Learn extra: Bitcoin Unlikely to Set New All-Time High in 2026 as Bears Retain Control

No Clemency For SBF

Bankman-Fried was convicted in 2023 on fraud and conspiracy costs tied to the collapse of FTX and the misuse of buyer funds. He’s serving a 25-year sentence and is pursuing an enchantment.

In current months, he has taken steps to rebuild political assist, together with public messaging framed for a Republican viewers, in line with the account within the materials supplied. He has additionally remained energetic via posts on an X account that claims the messages are his phrases shared by a pal. 

In December, he praised Trump’s pardon of former Honduran President Juan Orlando Hernández and wrote that “few are extra deserving than him,” the fabric mentioned.

Bankman-Fried’s mother and father, Stanford Legislation Faculty professors Barbara Fried and Joseph Bankman, have additionally explored a pardon effort, holding conferences with legal professionals and other people seen as near Trump, in line with the fabric supplied.

However, no luck. Although Trump has granted clemency to a number of crypto-related figures throughout his present time period, together with Silk Highway founder Ross Ulbricht, in addition to Binance founder Changpeng “CZ” Zhao in 2025, as Crypto Information Australia reported.

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The put up Trump Rules Out Pardon for FTX Founder Sam Bankman-Fried appeared first on Crypto News Australia.