White House confirms Trump will not pardon Sam Bankman-Fried

The White House has confirmed that President Trump will not grant clemency or a pardon to Sam Bankman-Fried, the founder of the collapsed crypto exchange FTX. This confirmation reinforces Trump's prior statements opposing the release of the imprisoned executive. Bankman-Fried has recently attempted to secure a pardon by publicly aligning himself with Trump, criticizing the judiciary, and embracing conservative platforms, a significant shift from his past support for Democratic causes. This political pivot has reportedly failed to gain traction. Bankman-Fried was convicted in March 2024 on multiple fraud and conspiracy counts related to the misuse of customer deposits when FTX filed for bankruptcy in November 2022. The denial ends speculation that Trump's general support for digital assets would extend clemency to the notorious crypto figure, especially given Bankman-Fried's substantial past donations to Joe Biden's campaign.

(Source：Crypto Briefing)