In the days having followed his nomination as President of the United States, Donald Trump held one of his campaign promises by climbing Ross Ulbricht. Sam Bankman-Fried's family may well see the possibility of seeing their protégé be released.
The parents of Sam Bankman-Fried seek to convince Donald Trump to release their son
Audacity or pure madness? Sam Bankman-Fried parents are studying all the existing possibilities To convince Donald Trump to grant the presidential pardon to their sonthe co -founder and leader of the former Exchange FTX.
🔎 Discover our selection of the safest crypto platforms to invest in cryptocurrencies
Currently teachers within the Faculty of Law of Stanford, Joseph Bankman and Barbara Fried would have multiplied the appointments With lawyers, but also personalities close to Donald Trump.
Their goal: to ensure that the new American president release their currently imprisoned son Under the powers conferred on it thanks to Article II of the Constitution of the United States.
In November 2022, the Exchange FTX went bankrupt. Quickly, Several accusations of fraud are brought against SBF which is arrested in order to be tried. Judge Lewis Kaplan, in charge of the trial, wanted to make this case an example: that is why he condemned the founder of the FTX Empire to serve a sentence of 25 years in prison.
Dissatisfied, the principal concerned decided to appeal to his conviction, demanding the holding of a new trial. He believes he was ” presumed guilty before even being charged And to have been ridiculed by Lewis Kaplan throughout the case.
Ledger: the best solution to protect your cryptocurrencies 🔒
SBF pardoned as Ross Ulbricht was? It is clearly not acted
The approach initiated by Joseph Bankman and Barbara Fried follows to the recent Liberation of Ross Ulbricht. The latter is known for having founded Silk Road, an illegal market on the Dark Web which was in the early 2010s, one of the 1st concrete use cases of Bitcoin.
Arrested then sentenced to purge a life imprisonment, Ross Ulbricht thought he was spending the rest of his days behind bars. However, in the days having followed the nomination of Donald Trump, The new President of the United States has decided to release the founder of the Marketplace.
The presidential grace granted by Donald Trump to Ross Ulbricht comes actually fromA promise he had made during his campaign. To obtain the support of voters close to the libertarian party, Donald Trump assured that he would release the creator of Silkroad if he came to be elected.
👉 On the same subject – FTX: prison terms of 2 executives from the former Exchange have been reduced
As for Sam Bankman-Fried, The situation is clearly different. The 47th President of the United States has never publicly considered to pardon the former CEO of FTX. The chances of seeing SBF free in the coming months therefore remain quite weak.
This is also reflected on the decentralized prediction market platform Polymarket. Its users consider that the chances of SBF to obtain presidential grace are 6 % at present.
Buy cryptos on etoro
Source: Bloomberg
The crypto newsletter n ° 1 🍞
Receive a summary of crypto news every day by email 👌
Certain links present in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner gives us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Surprised by the rise of cryptocurrencies at the end of the 2010s, I started to follow from near this sector which fascinates me at the highest point. When I am not in football, rugby or handball room stadiums, I brought myself to write relevant articles around cryptocurrencies and more broadly, of the web3.
Zacharie Tazrout
327 articles
