Trump says he won't rescue Sam Bankman-Fried with pardon

Trump has recently stated he has no plans to pardon former FTX CEO Sam Bankman-Fried (SBF) during an interview with the New York Times. This statement comes amidst concerns over potential impacts on the banking industry and cryptocurrency regulations. Bankman-Fried has been indicted for fraud and misconduct associated with the FTX collapse, making the outcome of his legal situation critical for market sentiment. Additionally, Trump's denial extends to other notable figures such as Sean Combs and Nicolás Maduro of Venezuela. This highlights the broader direction of legal and social policies under the Trump administration, especially concerning potential regulations in the cryptocurrency market. Traders are closely monitoring future developments and are particularly sensitive to the likelihood of new regulations. The lack of any pardon may also heighten concerns over FTX's credibility and the overall implications for the cryptocurrency sector.