{"id":623050,"date":"2025-01-31T09:48:25","date_gmt":"2025-01-31T09:48:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623050"},"modified":"2025-01-31T09:48:25","modified_gmt":"2025-01-31T09:48:25","slug":"parents-of-former-ftx-ceo-sam-bankman-fried-seek-presidential-pardon-for-him-bloomberg","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/parents-of-former-ftx-ceo-sam-bankman-fried-seek-presidential-pardon-for-him-bloomberg","title":{"rendered":"Parents Of Former FTX CEO Sam Bankman-Fried Seek Presidential Pardon For Him \u2013 Bloomberg"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The parents of former FTX CEO Sam Bankman-Fried, who was sentenced to 25 years in prison last year for his role in the exchange&rsquo;s collapse, are reportedly exploring the possibility of obtaining a presidential pardon for their son.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a Jan. 30 <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-30\/sam-bankman-fried-s-parents-explore-seeking-trump-pardon-for-son\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\">, Bloomberg cited anonymous sources who said that Bankman-Fried&rsquo;s parents, Stanford Law professors Joseph Bankman and Barbara Fried, have already met with people close to the Donald Trump administration to determine whether clemency is possible.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/2023-07-26t201123z-775525337-rc28b2a37gmu-rtrmadp-3-usa-bankmanfried-20240328161905581.JPG?c=original\" alt=\"Sam Bankman-Fried\" width=\"2000\" height=\"1330\"><\/p>\n<h2><span style=\"font-weight: 400;\">White-Collar Defendants Submit Clemency Requests To Trump Administration<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">President Trump is seen as a powerful ally for the digital asset industry. While that might not be enough to absolve Bankman-Fried of his sentence, there is growing hope among white-collar defendants that Trump is open to hearing their cases.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Before considering Sam Bankman-Fried for a pardon, how about Edward Snowden? <a href=\"https:\/\/t.co\/DcvEc46Btl\">pic.twitter.com\/DcvEc46Btl<\/a><\/p>\n<p>&mdash; TaraBull (@TaraBull808) <a href=\"https:\/\/twitter.com\/TaraBull808\/status\/1885072380219056159?ref_src=twsrc%5Etfw\">January 30, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">According to white-collar prison consultant Sam Mangel, several defendants have submitted clemency requests to the Trump administration since he re-entered the White House on Jan. 20.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Circumstances Around Ross Ulbricht Pardon Different To Sam Bankman-Fried Case<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Clemency hopes among white-collar defendants have risen after Trump delivered on his promise to pardon Silk Road creator Ross Ulbricht. The darknet marketplace developer served 11 years of his double life sentence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, according to Lucien Bourdon, a Bitcoin analyst at Trezor, Ulbricht&rsquo;s case was seen as &ldquo;emblematic of perceived state overreach.&rdquo;&nbsp; Another factor that led to Ulbricht&rsquo;s clemency was the strong support he had from the crypto community and libertarian movement, who both advocated for his release.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, it seems <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ftx-founder-sam-bankman-fried-expresses-remorse-after-receiving-25-year-prison-sentence\"><span style=\"font-weight: 400;\">Bankman-Fried<\/span><\/a><span style=\"font-weight: 400;\"> does not have the same level of support. He has, however, previously made the case that his sentence was &ldquo;draconian,&rdquo; arguing that FTX customers have largely recovered a large portion of the money that was initially lost with the centralized exchange&rsquo;s collapse.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepe-unchained-soars-37-as-anticipation-intensifies-around-meme-coin-launchpad\"><span style=\"font-weight: 400;\">Pepe Unchained Soars 37% As Anticipation Intensifies&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/trumps-executive-order-to-bring-trillions-to-crypto-making-200k-bitcoin-price-estimate-look-conservative-bitwise-says\"><span style=\"font-weight: 400;\">Trump&rsquo;s Executive Order To Bring Trillions To Crypto<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":623052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-623050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sam Bankman-Fried Parents Seek Presidential Pardon<\/title>\n<meta name=\"description\" content=\"The parents of former FTX CEO Sam Bankman-Fried are reportedly seeking a presidential pardon from Donald Trump for their son.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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