Trump Isn't Giving Sam Bankman-Fried A Get Out Of Jail Card, Reiterates Resolve To Make US Global Crypto Leader

Benzinga01-09

President Donald Trump dismissed the idea of pardoning jailed cryptocurrency fraudster Sam Bankman-Fried, according to a report published Thursday.SBF Won’t Get Reprieve From TrumpDuring an interview ...

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He was convicted of misappropriating funds from his FTX cryptocurrency exchange customers and using the money for personal expenses, political contributions and venture capital investments.SBF argues that his conviction was politically driven. His family and supporters had launched a broader campaign for clemency from Trump.Trump’s Crypto EndorsementTrump reiterated his support for the cryptocurrency sector during the interview, stating, “I got a lot of votes because I backed crypto, and I got to like it.”Trump also vowed to establish the U.S. as the “global leader” in the sector. “China wanted it, and one of us was going to get it,” he added.The Potential Fallout Trump’s tenure has been defined by his family’s expanding involvement in the cryptocurrency industry, sparking allegations of conflicts of interest and corruption.World Liberty Financial (CRYPTO: WLFI), a DeFi and stablecoin project listing Trump and his three sons as co-founders.The family also holds a stake in Bitcoin (CRYPTO: BTC) mining firm American Bitcoin (NASDAQ:ABTC), while the Official Trump (CRYPTO: TRUMP) and MELANIA (CRYPTO: MELANIA) meme coins launched just before Trump took office.TD Cowen has warned that the Trump family's ties with the industry could delay the crypto market structure bill. Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.Photo Courtesy: Joshua Sukoff on Shutterstock.com$BTCBitcoin$91040.120.02%OverviewABTCAmerican Bitcoin Corp$1.910.01%Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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