America's 250th Anniversary! Trump Plans to Pardon 250 People — Will the Founders of FTX and Tornado Be Chosen?

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Author: Fenrir, Crypto City Trump unveils "250-person pardon plan," crypto circle closely watches the list According to a report by The Wall Street Journal, U.S. President Trump is considering pushing a large-scale pardon plan during the 250th anniversary of America's founding, expected to pardon approximately 250 criminals. After the news broke, the cryptocurrency industry also began discussing whether crypto industry figures involved in major cases in recent years might have a chance to be included on the pardon list. The figures currently drawing the most market attention include the convicted FTX founder Sam Bankman-Fried (SBF), as well as Tornado Cash founders Roman Storm and Alexey Pertsev and others involved in cases related to privacy protocols. Since Trump has continuously sent friendly signals to the crypto industry over the past year, some supporters have begun to speculate whether the White House might re-examine certain crypto-related cases. During recent discussions with aides about the pardon plan, Trump mentioned hoping that the "250-person pardon" would echo the symbolic significance of America's 250th founding anniversary, but the White House has not yet announced an official list. Tornado Cash case continues to escalate, crypto community rallies behind developers Among all the potential candidates being discussed, cases related to Tornado Cash have received particular attention from the crypto community. Some crypto supporters believe that the U.S. government's enforcement actions against Tornado Cash developers in recent years involve the core issue of "whether code constitutes free speech." Tornado Cash is an Ethereum-based privacy mixing protocol. The U.S. Treasury Department previously accused North Korea's Lazarus Group of using the tool for money laundering, and therefore imposed sanctions on the protocol. However, the crypto community and some developers have long criticized the U.S. government for directly equating open-source code development with criminal behavior, which could have a chilling effect on the entire open-source software industry. Currently, Tornado Cash co-founder Roman Storm continues to face U.S. judicial proceedings, while the Dutch court has already issued a verdict against another developer, Alexey Pertsev. Many crypto supporters believe that if Trump truly pushes forward with a large-scale pardon, crypto privacy cases could become a symbolically significant political issue. Whether SBF may receive a pardon triggers polarized market reactions Compared to the Tornado Cash developer cases which involve technical and open-source disputes, the situation of FTX founder SBF is more sensitive. SBF was previously convicted on multiple charges including fraud, misappropriation of customer assets, and financial crimes, and is regarded as one of the most representative financial scandals in crypto industry history. Some market observers believe that the likelihood of SBF receiving a pardon is relatively low, due to the FTX incident involving a large number of victims and immense political pressure. In particular, the SBF case severely damaged the confidence of U.S. retail and institutional investors, and also prompted U.S. regulators to accelerate high-pressure enforcement against the crypto industry. However, some supporters also believe that Trump has previously demonstrated political symbolism through pardons on multiple occasions, and whether he will package certain crypto cases as examples of "government over-regulation" in the future remains open for discussion. Crypto regulation gradually becomes a focal point of U.S. political contention Trump's attitude toward cryptocurrency has changed significantly over the past year. In addition to publicly supporting Bitcoin mining and digital asset innovation, he also actively sought funding and supporters from the crypto industry during his campaign. The Republican Party's internal stance on cryptocurrency is also gradually forming a stark contrast with that of the Democratic Party. As the U.S. election gradually approaches, crypto industry-related issues are rapidly becoming politicized. Topics such as crypto regulation, privacy tools, and financial freedom are also gradually shifting from technology and finance issues to becoming part of U.S. political contention. (The above content is excerpted and reprinted with authorization from partner "Crypto City," original article link)

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Published:2026-05-17 01:00:35

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