Sam Bankman-Fried, disgraced FTX founder turned inmate, resurfaces not for his billion-dollar fraud however for courting Donald Trump and the GOP.
Serving 25 years for collapsing an $8 billion crypto empire, he’s now angling for a presidential pardon—an audacious pivot for somebody who as soon as stored the Republican Social gathering at arm’s size.
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A Public Determined Shift For Sam Bankman-Fried
Talking from a Brooklyn jail in a collection of interviews with the New York Solar, Sam Bankman-Fried expressed his rising disillusionment with the Democratic Social gathering and the Biden administration. The previous CEO didn’t mince his phrases, describing them as “harmful” and tough to work with.
“I grew to become actually pissed off and disillusioned with what I noticed of the Biden administration and the Democratic Social gathering,” Bankman-Fried mentioned, contrasting them with what he now claims is the extra “cheap” method of the Republican Social gathering.
Dozens of films will probably be made about SBF/FTX
By no means know could embody all of the shameless SBF shills and outright liars https://t.co/OMHlGi6KdV pic.twitter.com/9yqRX9UMz4
— Sunil (FTX Creditor Champion) (@sunil_trades) February 21, 2025
Apparently, Bankman-Fried, previously a prolific Democratic donor who contributed $40 million to Democratic campaigns and PACs in 2022, has now aligned himself with political rhetoric from the proper. He praised Elon Musk’s budget-slashing efforts, calling Musk’s “chainsaw method” to authorities spending the sort of daring step the nation wants.
“Some issues really do want greater than a ten% lower,” Sam Bankman-Fried remarked. “They want a 30, 50, 70% [cut], however after all, they must be rebuilt accurately.”
‘The Authorities is In opposition to Me, Yo’
This shift in tone comes as his mother and father, Joseph Bankman and Barbara Fried, spearhead a clemency push to safe a pardon for his or her son from President Trump.
Bankman-Fried has echoed the acquainted chorus of DOJ politicization, a declare typically leveled by Trump as he wrestles along with his personal authorized troubles.
The comparability to Ross Ulbricht, founding father of Silk Street, isn’t misplaced. Trump pardoned Ulbricht throughout his presidency, spotlighting his affect on Bitcoin’s rise. Bankman-Fried’s mother and father at the moment are banking on that related narrative.
Not stopping there, Bankman-Fried aimed Choose Lewis Kaplan. He blasted Kaplan’s conduct in his trial and even invoked Kaplan’s function in a separate case that discovered Trump answerable for sexual abuse and defamation of E. Jean Carroll.
“I do know President Trump had a whole lot of frustrations with Choose Kaplan,” Bankman-Fried mentioned. “I definitely did as nicely.”
Sam Bankman-Fried: Politics and Crypto Collide
Bankman-Fried’s bid for clemency underscores the uneasy collision between cryptocurrency and political maneuvering. As soon as hailed as a frontrunner within the burgeoning crypto house, his downfall has reignited debates about regulation, corruption, and political affect within the business.
Whether or not or not his clemency marketing campaign succeeds, one factor stays evident—Sam Bankman-Fried’s saga is much from over.
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Key Takeaways
Serving 25 years for collapsing an $8 billion crypto empire, SBF is now angling for a presidential pardon.
Bankman-Fried, previously a prolific Democratic donor who contributed $40 million to Democratic campaigns.
The put up Sam Bankman-Fried Foyer Effort Underway For Trump Pardon: SBF Free in 2025? appeared first on 99Bitcoins.
