
The former FTX CEO is currently serving a 25-year sentence awaiting appeal, while the Silk Road founder was sentenced to life in prison in 2015.
United States President Joe Biden, scheduled to leave office on Jan. 20, still has time to issue pardons and commute the sentences of individuals convicted of federal crimes — and some crypto users are betting he turns his attention to the founders of Silk Road and FTX.
As of Jan. 9, cryptocurrency betting platform Polymarket gave users 4% odds on President Biden pardoning former FTX CEO Sam “SBF” Bankman-Fried and a 2% chance he would pardon Silk Road founder Ross Ulbricht. At the time of publication, users had bet more than $5 million on SBF’s chances and $1.2 million on Ulbricht’s.
Bets on US President Joe Biden issuing pardons. Source: Polymarket
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
As Donald Trump prepares to take office as president of the United States in January 2025, the cryptocurrency community is speculating on the most likely candidates to lead the US Securities and Exchange Commission.
Mark Uyeda, an SEC commissioner, is seen as a strong candidate for the role, according to crypto attorney Jake Chervinsky in an X post on Nov. 6.
Commissioner Uyeda is known for criticizing the crypto regulatory approach by current SEC Chair Gary Gensler, having in October called his policies a “disaster for the whole industry.”
US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu for securing the release of Binance’s compliance officer Tigran Gambaryan from prison. Gambaryan, a former agent of the US Internal Revenue Service (IRS), was visiting Nigeria to address regulatory concerns about Binance when local authorities arrested and jailed him on charges of […]
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A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.
United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds.
According to an Oct. 29 notice from the White House, President Biden had a call with President Tinubu in which he thanked the Nigerian leader for helping secure “the release on humanitarian grounds of American citizen and former US law enforcement official Tigran Gambaryan.”
The Binance executive had been in Nigeria custody for roughly eight months until being allowed to leave the country on Oct. 23.
New data from the decentralized prediction market Polymarket reveals that Donald Trump is leading Kamala Harris in polls after Robert Kennedy Jr. suspended his presidential campaign. According to the crypto casino, which lets users bet on the outcome of anything, Trump now has a 51% chance to win the 2024 presidential election while Harris – […]
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Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.
Several representatives from major cryptocurrency firms reportedly attended a video call with United States lawmakers, officials from the Biden administration and Kamala Harris’ staff.
According to an Aug. 8 report from Yahoo Finance, industry leaders discussed how the Biden administration might “reset” its approach to crypto policy as President Joe Biden ends his term in January 2025 and through Harris’ campaign. Coinbase Global chief legal officer Paul Grewal, Kraken CEO David Ripley, Ripple CEO Brad Garlinghouse, and Circle CEO Jeremy Allaire reportedly attended the virtual event, initially reported as an in-person roundtable discussion.
The crypto executives reportedly pushed the Biden administration for regulatory clarity in the digital asset space, hinting at the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler. Many in the industry have criticized the SEC under Gensler for bringing enforcement actions against crypto firms that seemingly do not have a clear path to operate legally in the US.