The White Home has formally shut the door on any potential pardon for disgraced FTX founder Sam Bankman-Fried. Regardless of all his latest social media posts the place the previous CEO tried to align himself with President Trump’s financial insurance policies, administration officers have confirmed there are not any plans to supply clemency.
Sam, we’re sorry. Candy-talking the President of the USA received’t get you a pardon.
Trump has denied a Sam Bankman pardon. pic.twitter.com/1nygg0GNGl
— 0HOUR1 (@0hour1) February 24, 2026
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Following CZ, Sam Additionally Chases The Pardon, However With a Completely different Method
For weeks, Sam Bankman has been executing an odd public technique to get a pardon. From his cell, the previous FTX CEO has been posting near-daily on X, airing grievances about his trial choose and insisting towards all proof that “FTX was at all times solvent.” Extra notably, he started praising President Trump’s financial insurance policies and criticizing Democrats: a pointy U-turn for a person who was as soon as one of many largest donors to the Biden marketing campaign.
The technique appears to have been a Hail Mary try to safe a pardon. It didn’t work.
A White Home official explicitly acknowledged that Trump has no plans to pardon Bankman-Fried. This aligns with feedback Trump made in a January interview with The New York Occasions, the place he lumped SBF in with different figures like Nicolás Maduro, who wouldn’t be receiving government clemency.
This administration has an ambiguous stance on crypto crimes. Only in the near past, the SafeMoon CEO was sentenced for his position in defrauding buyers, and we noticed a crypto CEO sentenced for a $200 million Ponzi scheme. The justice system is treating crypto crimes with the severity of conventional monetary crimes.
Exterior of large company fraud, the authorized system is tightening the screws on dangerous actors and shady influencers. The latest authorized rulings involving influencers like BitBoy present you could’t simply say no matter you need to pump luggage with out penalties.
However not everyone seems to be struggling the identical destiny.
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Trump Pardoned Changpeng Zhao (CZ) However Not SBF Why?
The refusal to pardon SBF is notable as a result of President Trump has been keen to make use of his pardon energy for crypto figures. He beforehand pardoned Ross Ulbricht (founding father of Silk Street) and former Binance CEO Changpeng Zhao (CZ). This led some to imagine SBF may need an opportunity.
Nonetheless, the distinction lies within the nature of the crime and the political baggage. SBF’s theft of buyer funds was in comparison with Bernie Madoff’s Ponzi scheme: a direct theft from retail buyers that destroyed belief within the trade. Moreover, SBF’s historical past of donating over $5 million to the Biden marketing campaign in 2020 doubtless made him a poisonous candidate for a Trump pardon.
Whereas U.S. lawmakers slam the SEC for overreach and push for a regulatory overhaul that favors innovation, they’re drawing a tough line between reputable enterprise struggles and outright theft. Defending SBF would have undermined the administration’s narrative of cleansing up the market.
For Sam Bankman-Fried, the choices are operating out. He’s at the moment serving a 25-year sentence and, whereas he has an attraction in course of, authorized consultants view his possibilities of success as slim. His mom just lately filed a movement looking for a brand new trial, however with out a presidential pardon, he stays in federal custody.
We’re watching to see if this firmness extends to different pending instances. The rejection of SBF’s marketing campaign indicators that the federal government is pleased to let the courts deal with crypto fraud with out interference.
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Key Takeaways
The White Home confirmed no pardon for SBF, reinforcing that high-profile crypto fraud will face full authorized penalties no matter political lobbying.
This choice creates a safer atmosphere for brand spanking new buyers by signaling that the “Wild West” period of unchecked theft is being changed by customary monetary accountability.
The publish No Pardon for Sam Bankman-Fried: White Home Confirms appeared first on 99Bitcoins.
