Polymarket and bets on the fallen crypto king

Sam Bankman-Fried, former CEO of FTX, could receive a presidential pardon from either Joe Biden or Donald Trump. Biden has the opportunity to grant clemency to several controversial figures before handing the presidency to Trump.

Sam Bankman-Fried, also known as SBF, is currently serving a 25-year sentence for a series of frauds related to FTX. Despite his appeals, the axe remains hanging.

“SBF is not just a crook, he is also a political benefactor,” remind the Twitter users.

The virulent tweet from Altcoin Daily highlights his role as Biden’s second-largest donor in 2020, with 5.2 million dollars. So, will justice prevail over political gratitude?

Trump: crypto as a tool for redemption

As for Donald Trump, he plays the crypto savior. The populist icon has promised to commute the sentence of Ross Ulbricht, sentenced to life for his role in the darknet black market. Paradoxically, Trump has never ventured to pardon Ulbricht during his first term, but the situation could change.

That’s not all: Trump has also considered pardoning Edward Snowden. But the name of SBF remains absent from discussions among his advisors. Should this be seen as a lack of interest in the former head of the crypto exchange FTX (issuer of the FTT token) or a calculated strategy?

The crypto community hopes that these symbolic gestures will mark a new era of clemency towards its emblematic figures.

Donald Trump, as a fan of spectacular moves, might as soon as he returns to power save Ross Ulbricht, without waiting for Joe Biden to make a decision.