A friend asked if Trump is likely to pardon SBF.
Personally, I felt the probability was around 20% before Cz's pardon, rising to 40-60% after his pardon. Pardoning Cz is likely Trump's way of testing public pressure for several reasons.
1. SBF provided a significant amount of funding when Trump lost the election and his property was raided.
2. After Trump's election, his close friend and crypto investor, Cathie Wood, immediately visited SBF in prison, a move interpreted by some as a gesture of repaying a favor.
3. Over the past two years, the value of SBF's post-bankruptcy assets has steadily increased, allowing FTX to fully repay its debts. This means investors have no direct losses, allowing the case to be presented as "closed," reducing the political cost of a pardon. (The large amount of funds flushing out FTX's post-bankruptcy assets is not uncommon in itself.)
4. SBF is Jewish, and Jewish financial institutions and their protectiveness are well known.
5. SBF's Twitter account was recently reactivated.
Considering the above points, the probability of SBF being pardoned is increasing. It's very likely that pardoning Cz is Trump's way of testing his ability to hedge against public pressure. Furthermore, Trump's personality often involves playing small games before moving on to big ones.
Overall, it seems possible, as nothing Trump does is surprising.
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