Sam Bankman-Fried, the former FTX founder, who previously supported the Democratic Party, now criticizes Biden's administration and hopes for a pardon from Donald Trump.
Criticism of Biden and Support for Trump
Sam Bankman-Fried, once a key financial donor to the Democratic Party, now expresses deep frustration with the Biden administration. In the interview, he said: "I became really frustrated and disappointed with what I saw of the Biden administration and the Democratic Party." His new rhetoric aligns with Trump's frequent claims of political persecution by the DOJ. Bankman-Fried also voices admiration for Elon Musk's aggressive stance on cutting bureaucracy.
Attempts to Obtain a Pardon
Bankman-Fried's 25-year sentence for fraud has led his family to seek a pardon from Trump. The former president has previously pardoned other high-profile figures from the crypto world. However, experts believe Bankman-Fried's chances of receiving a pardon are slim.
Political Connections and Consequences
Bankman-Fried's legal troubles have an interesting link to Trump's cases. Judge Lewis Kaplan, who oversaw his trial, was also involved in a defamation case related to Trump. Bankman-Fried suggested that politics played a role in his conviction. While he was a major donor to Democratic campaigns, he also secretly donated to Republicans to influence crypto regulations.
Sam Bankman-Fried's latest interview shows a calculated political shift, likely aimed at securing a pardon from Trump. However, his chances remain slim.
