Former President Donald Trump stated that he will not pardon FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud. Trump reiterated his support for the cryptocurrency industry, claiming that the industry helped him win votes, and vowed to make the US a global leader in cryptocurrency. However, his family's increasingly close ties to the industry, including involvement in a decentralized finance (DeFi) project and a Bitcoin mining company, have raised concerns about potential conflicts of interest and could influence cryptocurrency legislation.
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Former President Donald Trump stated that he will not pardon FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud. Trump reiterated his support for the cryptocurrency industry, claiming that the industry helped him win votes, and vowed to make the US a global leader in cryptocurrency. However, his family's increasingly close ties to the industry, including involvement in a decentralized finance (DeFi) project and a Bitcoin mining company, have raised concerns about potential conflicts of interest and could influence cryptocurrency legislation.