Sam “SBF” Bankman-Fried, former CEO of the bankrupt crypto exchange FTX, is shifting his political stance while serving a 25-year sentence in a Brooklyn prison for defrauding FTX customers.
Once a major donor to Democratic campaigns, he now voices support for US President Donald Trump and praises Elon Musk’s approach to government reform, according to a February 20 interview with The New York Sun.
In the interview, Bankman-Fried criticized President Biden’s administration and the legal system that convicted him. He said during the 45-minute conversation, “I became really frustrated and disappointed with what I saw of Biden’s administration”.
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SBF also spoke favorably about Musk, admiring his willingness to make deep cuts in federal agencies. He stated, “Some things actually do need more than a 10% cut. They need a 30, 50, 70% [cut], but of course they need to be rebuilt in the right way”.
Meanwhile, SBF’s parents are reportedly looking for ways to secure a presidential pardon for their son. According to reports from Bloomberg, they have been in contact with people close to President Trump’s circle to explore the possibility.
SBF suggested that he has been building connections with conservatives. He said, “I’ve been working with Republicans a lot more than had been previously thought”.
Recently, Ross Ulbricht, the pardoned former CEO of Silk Road, spoke out in support of Roger Ver, also known as “Bitcoin
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
