Sam Bankman-Fried Signals Political Shift While Seeking Presidential Pardon

The convicted FTX founder criticizes Biden’s administration and aligns with Trump and Musk in a bid for clemency.

Sam Bankman-Fried, serving a 25-year sentence for fraud, has criticized the Biden administration's handling of cryptocurrency regulations as 'incredibly destructive.'
In a jailhouse interview, Bankman-Fried expressed support for Donald Trump, citing shared frustrations with Judge Lewis Kaplan, who presided over both his and Trump’s legal cases.
The former FTX CEO, previously a major Democratic donor, claimed he had been quietly supporting Republican causes before FTX's collapse.
Bankman-Fried praised Elon Musk’s approach to reducing federal bureaucracy, calling for significant cuts and systemic rebuilding.
His parents are reportedly engaging with Trump’s network to explore the possibility of a presidential pardon, similar to past clemency cases for crypto-related convictions.