Recently, Trump signed a series of pardons, including one for the Silk Road founder related to cryptocurrency. This has led some people to discuss whether FTX founder Sam has a chance of being pardoned. Below are my thoughts.
Conclusion: There is a possibility that FTX founder Sam Bankman-Fried could be pardoned by Trump, but it is very small for the following reasons:
1. Nature of the crime and Trump's stance: The FTX founder is involved in serious financial crimes such as fraud and conspiracy to commit money laundering, causing massive losses to numerous investors. Trump's previous pardons have mostly been for individuals related to the 'Capitol riot', or for people like Ross Ulbricht, the founder of 'Silk Road', who some supporters believe received an excessively harsh sentence and whose case has a certain special connection to the development of cryptocurrency. In contrast, the nature of the FTX founder's crimes lacks a fitting point for a pardon from Trump's perspective.
-2. Political considerations: If Trump were to take pardoning actions, it would likely be more from the perspective of consolidating his own political position, rewarding supporters, and countering the Democrats. The case of the FTX founder does not show a direct and close connection to Trump's political interests, nor are there obvious factors that would bring political benefits to Trump. Moreover, the FTX founder has extensively donated assets in political campaigns involving both parties, which complicates the situation politically, making it difficult for Trump to simply base a pardon on political factors.
3. Public opinion and image impact: The FTX bankruptcy event has widespread effects, and many investors have suffered losses. The public is highly concerned about the criminal actions of the FTX founder and there are many negative evaluations. If Trump pardons such a person, it may provoke public dissatisfaction and damage his own image and reputation among the public, which contradicts Trump's goal of solidifying his political base.
#ftt As for FTX's platform token FTT, I think it is likely to still fluctuate within a converging channel.