Summary
- The White House said President Donald Trump will not pardon Sam Bankman-Fried (SBF).
- It added that the White House appears to have ruled out the possibility—raised in some political circles—of a pardon for SBF, who is serving time after being convicted on charges including fraud related to the FTX collapse.
- The statement was interpreted as a message aimed at curbing speculation that the Trump administration will take sweeping favorable measures toward virtual-asset (cryptocurrency) industry figures.
According to Solid Intel on the 24th (local time), the White House said President Donald Trump will not pardon Sam Bankman-Fried (SBF), the founder of FTX.
Bankman-Fried is serving a prison sentence after being convicted on charges including fraud related to the collapse of FTX. Some have floated the possibility of a pardon in political circles, but the White House appears to have ruled it out.
The statement is seen as a message to head off speculation that the Trump administration will take broadly favorable measures toward figures in the virtual-asset (cryptocurrency) industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
