I'm sure SBF and Elizabeth Holmes will be next.
Right now, there is only about $500 in liquidity if you wanted to buy in at the 20% ask with a market order. After that the next sell limit order it as 96%.
However Binance guy knowingly commits money laundering and gets the pardon?
* Those victims who did not wait through the full asset recovery process and sold their debt to "vulture investors" for pennies on the dollar.
You can have whatever opinion you want about the bankruptcy process, but FTX was most certainly insolvent, due to fraud, and at that point whatever happened after the recovery to make people as whole as possible (which for many was not even close) really shouldn’t get credited to SBF.
Of course, if the bank is upfront that they take customer deposits to Vegas, then its fine.
Will it work? If I had to bet then I'd say probably not. For any other president this would not even merit any thought beyond "lol" and that alone is worrying.
I suppose one might assume he has some funds stashed offshore somewhere.
Two huge factors against him:
* Most people don't even know who CZ is, so this is meh-tier. People know SBF and find him repulsive, literally. Whoever puts SBF out of jail will face a massive PR backslash, he's not important enough to be worth that.
* SBF stole from the rich, the only real crime in the US.
Very few times you see someone who is equally hated by: the law, the public and the rich. He's screwed, lol.
The common theme to the donations ("payoff" or "bribe" might be more accurate), whether to D or R was to weaken any push for crypto regulations.
https://www.bloomberg.com/features/2023-ruin-ftx-documentary...
The way CZ managed to tie up FTX in a knot was a masterclass. (about 59min in).
It isn't about any of these people though. Trump is about only one thing: himself (a trade he shares with someone like KJU of North Korea). Specifically, as a narcissist, Trump is all about his image: business and might makes right, no matter the rules. Trump therefore hates the left, truth, honesty, ethics, empowering the weak and minorities, et cetera. Most importantly, he is signaling here: 'if you do business with me, we do the criminal path, and you get caught then I have the power to pardon your sentence.'
Whether Trump is currently a criminal or not, he was and is a convicted felon.
The above is also why I very much suspect Ghislaine Maxwell has dirt on Trump.
A pardon makes it all go away. None of the baggage of convictions follow. Finding a job or a place to live is something they can do, as well as voting again.
Personally I do not believe there can be PR backslash for convicted criminal voted in as president.
We’ve been hearing variations of “massive PR backlash” should Donald Trump do XYZ for literally a decade now.
There has never been any consequential backlash whatsoever.