Sam Bankman-Fried’s Parents Want Trump to Pardon Him

Source Beincrypto

Sam Bankman-Fried’s parents are petitioning President Trump for a pardon. Trump recently pardoned Silk Road founder Ross Ulbricht, but Bankman-Fried may be a more difficult case.

SBF contributed millions to defeat Trump’s Presidential campaign in 2020 and was sentenced to prison less than a year ago. For these and other reasons, a pardon seems much less likely.

Could SBF Get a Pardon?

Sam Bankman-Fried (SBF), one of the most infamous criminals in crypto history, may receive a pardon from President Trump. According to a Bloomberg report, his parents, Joseph Bankman and Barbara Fried, are spearheading the effort.

Both parents are law professors, and they’ve been consulting with figures in Trump’s orbit.

Since Donald Trump re-took office, he’s been fulfilling obligations to the crypto community. He pardoned Ross Ulbricht on his second day in office, making good on a campaign promise.

Ulbricht’s mother was a key figure in petitioning for this pardon, and SBF’s parents want to use the same strategy. Indeed, due to Trump’s early string of pardons, he’s facing many requests.

“I have been hearing from people in prison, from people recently sentenced who haven’t reported to the Bureau of Prisons yet, from people who have been indicted. They are looking for somebody who knows somebody,” claimed Jeffrey Grant, who runs a legal and advisory firm in New York for white-collar defendants. He has received around 100 pardon requests.

Rumors about an SBF pardon have circulated a few times since Trump won the Presidential election, but nothing has materialized yet. Indeed, it might be much more difficult than Ulbricht’s pardon.

For example, the new US Attorney in the SDNY pledged that his office would stop a crypto crackdown, but only after defeating Bankman-Fried’s appeal.

In other words, even when the legal system wants to ease up on crypto criminals, the Bankman-Fried case is still very recent. He was sentenced less than a year ago, whereas Ulbricht spent more than a decade behind bars.

If Trump gives SBF a pardon this soon, it might directly encourage these large-scale financial crimes.

“In my opinion, SBF will be pardoned and released. There are more truths to be revealed. Nothing is what it seems and definitely not what you were told. Watch this space. The real criminals will be exposed,” wrote Martin Folb.

Additionally, before his arrest, Ulbricht was a libertarian with no strong affiliation to either political party. Bankman-Fried, on the other hand, was a major Democratic donor who directly contributed millions to defeat Donald Trump in 2020.

If SBF wishes for Trump to pardon him now, his contributions to the Republicans might not be enough to clear the bad blood. In other words, it doesn’t seem particularly likely that SBF will receive a pardon anytime soon. 

Reports suggest that his parents consulted a lawyer who helped several clients receive clemency in Trump’s first term. They were told that “Trump is busy doing other things” and should contact him again in a month.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Could PEPE become the next Dogecoin?PEPE is following the path of Dogecoin, which it might replace at some level. With Elon Musk’s endorsement and the community’s support, PEPE is ready for the 2025 rally, which looks eerily similar to Dogecoin in 2021. Dogecoin was initiated in 2013 as a joke based on the “Doge” meme, which had a picture of […]
Author  Cryptopolitan
Jan 03, Fri
PEPE is following the path of Dogecoin, which it might replace at some level. With Elon Musk’s endorsement and the community’s support, PEPE is ready for the 2025 rally, which looks eerily similar to Dogecoin in 2021. Dogecoin was initiated in 2013 as a joke based on the “Doge” meme, which had a picture of […]
placeholder
Australian Dollar edges higher as export prices rise in Q4The Australian Dollar (AUD) breaks its three-day losing streak against the US Dollar (USD) after the release of the Export Price Index on Thursday.
Author  FXStreet
Yesterday 01: 40
The Australian Dollar (AUD) breaks its three-day losing streak against the US Dollar (USD) after the release of the Export Price Index on Thursday.
placeholder
Top 5 Crypto Coins Set to Explode in 2025 Find Out Which Ones Are On Investors’ RadarMany crypto experts believe that 2025 will give incredible returns as the bull run reaches its peak. The following altcoins are being tipped to lead the way, as Rollblock ($RBLK), Ethereum, Shiba Inu, Pepe, and Solana are all showing signs of phenomenal potential in the coming months. These tokens deserve an allocation in any well-balanced […]
Author  NewsBTC
19 hours ago
Many crypto experts believe that 2025 will give incredible returns as the bull run reaches its peak. The following altcoins are being tipped to lead the way, as Rollblock ($RBLK), Ethereum, Shiba Inu, Pepe, and Solana are all showing signs of phenomenal potential in the coming months. These tokens deserve an allocation in any well-balanced […]
placeholder
XRP Price Prediction: Wall Street Analyst Predict Much Lower However Expect A Surge Within Ethereum Altcoin RollblockCryptocurrency remains unparalleled in its ability to generate rapid 5-10x returns during a bull market, making it a prime opportunity for early investors. As altcoin season draws closer, the next couple of weeks could mark the final chance to accumulate high-potential safety net assets like XRP at discounted prices before momentum inevitably shifts upward and […]
Author  FXStreet
18 hours ago
Cryptocurrency remains unparalleled in its ability to generate rapid 5-10x returns during a bull market, making it a prime opportunity for early investors. As altcoin season draws closer, the next couple of weeks could mark the final chance to accumulate high-potential safety net assets like XRP at discounted prices before momentum inevitably shifts upward and […]
placeholder
Ripple's XRP set for 27% jump as asset managers gear up for XRP ETF filingsRipple's XRP is up 2% in the Asian session on Friday following the New York Stock Exchange (NYSE) Arca 19b-4 filing with the US Securities and Exchange Commission (SEC) for the conversion of Grayscale's XRP Trust into a spot ETF.
Author  FXStreet
25 mins ago
Ripple's XRP is up 2% in the Asian session on Friday following the New York Stock Exchange (NYSE) Arca 19b-4 filing with the US Securities and Exchange Commission (SEC) for the conversion of Grayscale's XRP Trust into a spot ETF.
goTop
quote