Sam Bankman-Fried, the founder of FTX, recently expressed dissatisfaction with Biden's administration, praised Trump, and hoped for a presidential pardon.
Bankman-Fried Criticizes Biden, Praises Trump
Bankman-Fried, once a Democratic Party supporter, now openly expresses disappointment with Biden's 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 dissatisfaction aligns with Trump's frequent claims of political persecution by the Department of Justice. SBF also voiced admiration for Elon Musk’s stance on reducing bureaucracy.
A Hope for Pardon
Sam Bankman-Fried’s family seeks a pardon from Donald Trump for their son, who has been sentenced to 25 years for fraud. Trump has previously pardoned high-profile crypto figures like Ross Ulbricht, the founder of Silk Road. However, experts say Bankman-Fried's chances for a pardon are slim.
From Crypto King to Political Opportunist
Before FTX collapsed in November 2022, Bankman-Fried was a major donor to Democratic campaigns, contributing around $40 million annually. However, he admitted to secretly donating to Republicans to influence crypto regulation. He faces accusations of being evasive and manipulative, heavily diminishing his pardon prospects.
Bankman-Fried's latest actions demonstrate an attempt to gain a favorable position in the political spectrum. Despite claims of political persecution and hopes for a pardon, his chances remain low.
