Sentenced to 25 years in prison for fraud, the former CEO of the Exchange FTX Sam Bankman-Fried (known as SBF) see his sentence canceled? His parents are indeed exploring a bold track: to request a presidential grace of Donald Trump. A decision that could divide the crypto community and relaunch the debates on American justice!
The parents of the former crypto king in search of political support
Since the conviction of the billionaire fallen sampto Sam Bankman-Fried in March 2024, his parents have led a fierce battle to reduce his sentence. After a report From Bloomberg on January 30, they would have already consulted specialized lawyers and relatives of Trump. The goal: Evaluate the feasibility of a presidential pardon.
This strategic movement is reminiscent of the case of Ross Ulbricht, founder of Silk Road. Recently, Trump had pardoned him after 11 years in prison. However, the SBF situation is more delicate.
His trial indeed reveals accusations of embezzlement of mass funds On the FTX cryptocurrency exchange platform. Unlike Ulbricht (whose conviction was perceived as excessive), Bankman-Fried embodies in the eyes of the public a symbol of the brutal fall of a crypto empire built on deception.
Trump, the new card of fraudsters in white collar?
The election of Donald Trump relaunches the hope of many condemned white collar. According to some Crypto experts, its pro-business approach and its affinity with major economic actors could play in favor of SBF.
Indeed, several figures of the crypto industry have already expressed their support for Trump. The fact is that the latter hope for a more lenient policy vis-à-vis financial regulations.
However, granting presidential pardon to Sam Bankman-Fried would be A risky bet for Trump. Admittedly, this decision could attract certain investors in crypto. Nevertheless, it is also likely to fuel the resentment of the general public against justice perceived as more lenient towards the economic elites.
The FTX affair continues to fuel the debate, dividing the crypto community as much as public opinion. It remains to be seen whether Trump will take the risk of getting involved in one of the biggest financial scandals in recent years!
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