Trump Will Reportedly Not Pardon Sam Bankman-Fried, But Do Prediction Markets Agree?

Benzinga_recent_news02-25

The White House has two words for Sam Bankman-Fried: no pardon. The convicted FTX fraudster has mounted a MAGA charm offensive from federal prison, dictating pro-Trump posts through Bureau of Prisons-...

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Trump said he was told CZ’s offense was “not even a crime.”\nBut the two cases aren’t remotely comparable. \nCZ’s violations were compliance-related. Bankman-Fried was convicted of wire fraud, money laundering and conspiracy after FTX customers lost roughly $8 billion. \nCZ also had ties to the Trump family’s World Liberty Financial crypto venture. SBF donated $5.2 million to Biden in 2020.\nCrypto lawyer Jake Chervinsky said when CZ was pardoned last October that he’d be “truly shocked” if Trump did the same for SBF, calling his name “half punch line, half curse word in DC.”\nOn Polymarket’s “Who will Trump pardon before 2027?” market, SBF sits at just 9% with $28,823 in volume. \nThat puts him just above Diddy at 8%, who shares a dormitory with Bankman-Fried at the Metropolitan Detention Center in Brooklyn.\nSteve Bannon is at 19%, Nicolás Maduro 9% and Ghislaine Maxwell at 8%.\nNone of this is improvised. \nTrial documents revealed Bankman-Fried had literally written down a plan to “come out as a Republican” on Tucker Carlson‘s show as FTX was collapsing in late 2022. \nHe eventually did the interview last year and landed in solitary confinement for it.\nThe Trump administration has been aggressively pro-crypto, dismissing SEC cases and reorganizing DOJ enforcement. But there’s a clear line: friendly to the industry, not to the guy who stole billions from it.\nUnlike Ulbricht, who became a libertarian cause, or CZ, who had direct business ties to Trump’s crypto empire, SBF has no natural constituency pushing for his release. \nHe remains arguably the most hated figure in crypto after the FTX collapse wiped out retail investors and triggered an industry-wide winter. \nHis pitch to MAGA world amounts to X posts praising Truth Social and a $5.2 million receipt from the Biden campaign.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2614440597","isCrawlerRequest":true}