The post SBF’s Parents Seek Trump’s Pardon: What Are the Odds? appeared on BitcoinEthereumNews.com.

SBF’s political donations and recent conviction complicate his chances of receiving a pardon from Trump.   Despite efforts, SBF’s odds for clemency remain low due to legal, political, and timing challenges. Sam Bankman-Fried (SBF), the founder of the now-defunct crypto exchange FTX, may have a long road ahead if he hopes for a presidential pardon. After his conviction for one of the largest financial frauds in U.S. history, SBF’s parents are pushing for clemency, but recent conditions make his case seem unlikely to succeed. Bankman-Fried’s parents, both law professors, are in charge of seeking a pardon for their son. According to a Bloomberg report, Joseph Bankman and Barbara Fried have been consulting with individuals close to President Trump to explore the possibility of a pardon. This effort mirrors the successful plea made by Ross Ulbricht’s mother, who helped secure a pardon for the Silk Road founder after he spent over a decade in prison. However, while Ulbricht’s case received attention due to his libertarian background, SBF’s situation is far more complex. SBF’s donations to political campaigns and the timing of his sentence could hinder his chances with President Trump. SBF’s political donations have added a layer of complexity to the prospect of a pardon. Unlike Ross Ulbricht, who had little political involvement, Bankman-Fried was a financial supporter of the 2020 Biden campaign, contributing $5.2 million to help defeat Donald Trump. This donation positions Bankman-Fried in opposition to Trump’s political interests, which could complicate his parents’ efforts to secure clemency. Legal Challenges and Timing According to Crypto News Flash, Bankman-Fried was sentenced to 25 years in prison for defrauding investors, a charge that came less than a year ago. In contrast, Ulbricht’s case had been ongoing for over a decade before his pardon. The relatively recent nature of SBF’s conviction could make…

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Filed under: News - @ February 1, 2025 2:24 am