President Donald Trump said this week that he has no intention of pardoning Sam Bankman-Fried, the former FTX chief executive who is serving a lengthy federal prison sentence for one of the largest financial frauds in U.S. history.

In an interview with The New York Times, Trump was asked whether he would consider granting clemency to several high-profile inmates. Among the names raised was Bankman-Fried, the onetime cryptocurrency billionaire convicted in 2023 of stealing billions of dollars from FTX customers. 

Trump’s response was that he is not considering it, according to The New York Times.

The remark puts somewhat of a stop to months of speculation inside crypto and…

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