Trump Pardon Report Renews Focus on Jailed Crypto Executives and Developers

According to the White House, officials are considering 250 presidential pardons tied to the nation’s 250th anniversary, while stating there is currently no plan to pardon Sam Bankman-Fried.

Summary

Reported White House consideration of 250 presidential pardons for the 250th anniversary of the United States has renewed attention on cryptocurrency figures seeking clemency. The potential announcement could come on June 14 or July 4, and crypto defendants including Sam Bankman-Fried and Roger Ver are among those seeking relief. The White House said, however, that it currently has no plan to pardon Sam Bankman-Fried.

Terms & Concepts
  • presidential pardons: Executive acts by the U.S. president that forgive federal crimes or remove related penalties.
  • clemency: A broad form of executive mercy that can reduce, commute, or forgive criminal punishment.
  • White House: The executive office and official residence of the U.S. president, often used to refer to the administration.