US President Trump recently stated clearly in a media interview that he would not consider pardoning FTX founder Sam Bankman-Fried (SBF). This stance adds a definitive note to the policy expectations of the crypto market. SBF was convicted in 2023 on multiple serious charges including embezzlement of customer funds and financial fraud, marking one of the most impactful criminal cases in the history of the crypto industry. From a regulatory perspective, regardless of political stance, there remains a serious attitude towards handling major violations and illegal activities. This sends a clear signal to the industry about building a compliant system and restoring investor confidence.

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