Bloomberg reports that FTX founder Sam Bankman-Fried has officially submitted a presidential pardon request to Trump through the proper channels. SBF is currently serving a 25-year sentence, and his family has been lobbying for months, but Trump stated back in January that he has no intention of granting clemency, and several pro-crypto Republican lawmakers are also against it.
The focus here isn't just on SBF's personal fate, but on the political image of the crypto industry: with regulation and election narratives tightly intertwined, any progress on the pardon could spark a new round of debates on 'crypto crime, investor protection, and political cost'.
#FTX #SBF #CryptoRegulation
The focus here isn't just on SBF's personal fate, but on the political image of the crypto industry: with regulation and election narratives tightly intertwined, any progress on the pardon could spark a new round of debates on 'crypto crime, investor protection, and political cost'.
#FTX #SBF #CryptoRegulation