Sam Bankman-Fried Praises Trump, Criticizes Biden on Crypto
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Key Points: Sam Bankman-Fried criticizes Biden’s crypto policies, praises Trump. Ellison’s release followed by SBF’s statements on X. Market speculation on Trump pardoning SBF by 2027. Sam Bankman-Fried, founder of fallen crypto exchange FTX, recently praised Donald Trump and criticized Joe Biden on cryptocurrency policies on his X platform account. These statements emerge as the crypto market ponders the potential impact of presidential influence, amid speculation of a possible pardon for Bankman-Fried by Trump. Bankman-Fried’s Political Alignment Shift Sparks Speculation Sam Bankman-Fried posted a series of messages on X platform, stating that Trump’s policies on cryptocurrency issues are correct, while criticizing Biden. He also mentioned that global leaders have grown weary of Biden’s administration and its regulatory approach towards cryptocurrencies. These statements came after Caroline Ellison was released, following her 440-day prison sentence related to her role in the FTX collapse. Biden’s leadership and his choice of Gary Gensler as SEC Chair faced criticism from Bankman-Fried. Despite this, there are no immediate changes in regulatory stances or financial flows as a consequence of these posts. Trump’s potential influence in the crypto sector remains speculative with no official statements confirming direct intervention from either end. BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders. “@realdonaldtrump is right on crypto” —Sam Bankman-Fried (SBF), Founder, FTX & Alameda Research source Market reactions remain speculative without concrete shifts in cryptocurrency prices or regulatory dynamics. While traders on platforms like Polymarket speculate about the possibility of a presidential pardon for SBF, the broader market has displayed no significant immediate reactions. Community sentiment has not displayed sharp pivots in favor or against SBF’s declarations. Bitcoin Holds Steady Amid Political Commentary Turmoil Did you know? In the cryptocurrency realm, market speculation surrounding political decisions can impact asset perception without immediate market fluctuations. Bitcoin…
Filed under: News - @ February 1, 2026 11:16 pm