The dad and mom of former crypto golden boy Sam Bankman-Fried are reportedly taking steps to acquire US President Donald Trump’s pardon for his or her son.
Citing an individual acquainted with the matter, Bloomberg reports that in current weeks, Stanford Regulation Faculty Professors Joseph Bankman and Barbara Fried met with legal professionals and different figures thought of near Trump to debate a possible clemency for his or her son.
Sam Bankman-Fried was convicted on fees stemming from the collapse of the FTX change, which he co-founded in 2019. He’s at the moment serving a sentence of 25 years in jail.
Trump has granted government clemency to over 1,500 people charged or convicted of prison offenses since his return to the White Home this January.
The president, who vowed to implement crypto reforms throughout his time period, pardoned imprisoned Silk Highway founder Ross Ulbricht, who has gained robust assist from the crypto trade and the libertarian motion.
Bankman-Fried doesn’t have the identical stage of assist as Ulbricht’s however his legal professionals have beforehand argued that his sentence was draconian because the clients of FTX have largely recovered the funds they initially misplaced.
The report says former FTX government Ryan Salame, who was sentenced to greater than seven years in jail, can also be searching for a pardon.
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