FTX founder Sam Bankman-Fried’s parents Joseph Bankman and Barbara Fried’s sons are reported to be trying to provide a presidential amnesty. However, it is not yet clear whether they have reached Donald Trump or management directly. These efforts coincide with a period in which the crypto -related amnesties moved to headlines, especially after Trump’s forgiveness to Ross Ulbricht, the founder of Silk Road. In the midst of these developments, the local tokens of the bankrupt stock market are experiencing hard fluctuations.
Will the FTX founder assess the chance of Trump?FTT is moving!
The amnesty of Ross Ulbricht, the founder of Silk Road, led to speculation that other high -profile crypto figures could have a second chance. Elon Musk recently implied that Roger Ver, also known as the Bit Bitcoin Jesus, could be in the next. Last year, Musk made an encrypted statement about the SBF and claimed that his political connections could protect him from serious consequences.
Now, Trump’s debate will be heating if he would consider release Sam Bankman. In the middle of these discussions, sharp price movements were observed in FTT, the local tokend of the bankrupt stock market. FTT jumped from $ 2,08 to $ 2.34 in the middle of these rumors. During the article, FTT was traded for $ 2,19 with an increase of 6.14 %on a daily basis.
FTT daily price graph. Source: coinmarketcapDifficulties in securing the amnesty
Ross Ulbricht had a strong community advocating his release. However, unlike Ulbricht, FTX founder SBF faces significant challenges. Kriptokoin.comAs you have followed, FTX, one of the biggest financial frauds in the US history, was sentenced to 25 years of imprisonment for billions of dollars of defrauding billions of dollars. Biden’s $ 5.2 million donation for the 2020 campaign, including the Democratic Party, close ties with the Trump administration can work against.
However, SBF’s family and friends sent many letters to the judge during the hearing to reduce the imprisonment. His family drew a positive picture by calling him a compassionate businessman who failed because of his ‘neuro-steady’ characteristics. All these factors and the support of Elon Musk may be useful for him.
Possibilities Against FTX founder
Despite the debate, betting markets remain suspicious of SBF’s chances. Polymarket, Ulbricht’s release of 95 %of the chance to be amnesty compared to the SBF currently gives the chance to only 6 %amnesty. Trump is likely to be under pressure to be selective about amnesty. Therefore, it remains unclear whether the SBF will see the same tolerance. However, the crypto world closely follows these developments.
