• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, September 4, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Elon on Biden’s FTX Pardon Rumors

Alex Mercer by Alex Mercer
December 25, 2024
in News, Uncategorized
Reading Time: 3 mins read
0
Elon Musk Reacts to Biden Pardon Rumors for FTX Founder
Share on TwitterShare on Facebook

Introduction

Rumors claim Biden may pardon Sam Bankman-Fried. The former FTX CEO could avoid prison time, and many think his political ties may help. Some call it unfair, while others see it as possible. Bankman-Fried is tied to crypto’s biggest failure. His case sparks debates on fairness and trust. Elon Musk joined the discussion with strong words.

Rumors About Bankman-Fried

Sam Bankman-Fried led FTX before it failed. He now faces charges that could mean 25 years in prison. However, his lawyers want a shorter sentence. The U.S. government demands harsher punishment. Prosecutors suggest 40 to 50 years. Meanwhile, his defense asks for only six years. In addition, his big donations to the Democratic Party add to the debate. Reports say he was a top donor. Many believe his ties could affect the outcome.

Elon Musk Shares His Thoughts

Elon Musk joined the growing debate. Wall Street Mav posted on X about a possible pardon. The post included photos of Bankman-Fried and Biden. It also mentioned his large political donations. Musk responded, saying, “I will be shocked if this doesn’t happen.” This comment hints that Musk thinks a pardon is likely. His words caused more reactions in the crypto world.

Elon Changed Polymarket Odds 

Musk’s comment changed Polymarket odds. Polymarket lets users bet on real-world events. Also odds of a Biden pardon jumped from 4% to 13%. However, they later fell to 7%. This shows people remain unsure. Biden has not commented on the rumors. Meanwhile, concern grew after Biden pardoned his son, Hunter Biden. Critics saw it as controversial.

Impact on Crypto

The rumors raise doubts about crypto rules. FTX’s failure caused huge losses for investors. Moreover, scams and fraud remain common in crypto. Nishad Singh, a former FTX leader, avoided prison. He helped investigators and shared key details. Therefore his case adds to debates about fairness. However, The crypto industry needs better rules. Strong regulations can stop fraud and protect users. At the same time, these rules must allow crypto to grow.

Elon and Political Factors in Crypto

Donald Trump may return as president. If so, Paul Atkins could lead the SEC. In addition, Atkins supports lighter crypto rules, which many see as good for the market. However, Biden’s recent actions, including the pardon of his son Hunter Biden, raise concerns. Critics fear such moves could harm trust in the system.

Conclusion

The case of Bankman-Fried shows issues in crypto law. Furthermore, rumors of a pardon mix politics with justice. This case may affect crypto’s future. Investors and regulators must focus on fairness. Trust and clear rules are keys to crypto success.

Tags: Biden Pardonbitcoincrypto newsCrypto RulesCrypto Scandalselon muskFTX CollapsePolitical Influence.Sam Bankman-Fried
Previous Post

Litecoin Gains Momentum Amid Network Growth

Next Post

Coinbase Gets $8.45M in UNI Tokens from USV

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier