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SBF's Parents Seek Trump Pardon Amidst Crypto Sentencing

Coin WorldThursday, Jan 30, 2025 7:42 pm ET

1min read

Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, are reportedly seeking a presidential pardon for their son, who was recently sentenced for his role in the collapse of the cryptocurrency exchange FTX. The couple, both law professors, have been consulting with figures in former President Donald Trump’s orbit, aiming to secure a pardon for their son.

Trump, who has been known to fulfill obligations to the crypto community, previously pardoned Ross Ulbricht, the founder of the Silk Road dark web marketplace, on his second day in office. Ulbricht’s mother was a key figure in petitioning for this pardon, and SBF’s parents are hoping to use a similar strategy. However, due to the large number of pardon requests Trump is facing, the chances of a successful pardon for SBF remain uncertain.

Legal experts have suggested that SBF’s recent sentencing and the lingering public sentiment against crypto crime may complicate his chances for a pardon. Additionally, SBF’s substantial political contributions aimed at defeating Trump in the 2020 election could further jeopardize his prospects. Despite these challenges, SBF’s parents remain determined to pursue a pardon for their son.

As the situation develops, the response from both political figures and the crypto community will be vital in determining the future of Bankman-Fried’s case. The complex interplay of political relationships, public sentiment, and the legal landscape will shape the outcome of their appeal. Stay tuned for further updates on this evolving story.

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