SBF allegedly plotted to issue tokens from prison, U.S. bipartisan senators join forces to pressure Trump—never grant amnesty!

Although FTX founder SBF received and is still serving a 25-year sentence, he has revealed that he was thinking up new token projects while in prison, while the U.S. Congress—across party lines—has urged President Trump not to grant any pardon.

SBF discusses future plans in prison; new token ideas spark market debate

Sam Bankman-Fried (SBF), who was sentenced to 25 years in prison for the FTX fraud case, recently revealed in an interview from behind bars that he is considering the possibility of launching new cryptocurrency projects in the future. After the news came to light, it quickly sparked heated discussion within the cryptocurrency community.

According to a report by New York Magazine, SBF believes he still has a chance to participate in the development of the crypto industry in the future, and has begun thinking about a new token economic model. However, his related ideas are still at the conceptual stage for now; no specific product details, technical architecture, or issuance timeline have been announced.

Because the FTX collapse continues to deeply affect market confidence, many investors remain cautious about SBF re-entering the cryptocurrency industry, while others believe it shows he still hopes to rebuild his personal influence in the future.

Appeal denied; 25-year sentence upheld

Just days before the remarks were exposed, the U.S. Federal Court of Appeals officially rejected SBF’s appeal request, upholding his convictions for fraud, conspiracy, and money laundering, while keeping the original 25-year prison sentence.

The court held that the trial proceedings did not involve any major legal defects sufficient to overturn the verdict, so there was no need to retry the case. This ruling also further lowered SBF’s hopes of overturning the case through legal channels.

Legal professionals noted that although SBF can still seek review by a higher-level court, the difficulty of overturning the original ruling in the future is quite high. Under the current circumstances, his likelihood of returning to the industry’s core stage in the short term is very limited.

• Related news: No hope of overturning the FTX bankruptcy case? SBF’s appeal rejected, maintaining the original 25-year sentence

The U.S. Congress applies cross-party pressure to oppose any possible pardon

In addition to his failed appeal, the U.S. Congress has also begun taking action regarding the SBF case recently. Republican Senator Cynthia Lummis and Democratic Senator Ruben Gallego jointly proposed a bipartisan resolution, publicly urging President Trump not to grant SBF a pardon.

Image source: Senator Rubén Gallego, Republican Senator Cynthia Lummis, and Democratic Senator Ruben Gallego jointly proposed a bipartisan resolution, calling on President Trump not to pardon SBF

The proposing lawmakers believe that the FTX case caused large losses for many investors and severely damaged market trust in the cryptocurrency industry. If President Trump were to offer SBF a pardon or sentence reduction, it could undermine the credibility of the judiciary and send the wrong signals to the market.

Although the resolution is not legally binding, it reflects that U.S. political circles remain highly attentive to this case, and it also suggests that if discussions of pardons arise in the future, they will inevitably face significant political pressure.

The shadow of FTX still looms over the market; SBF’s return is full of variables

SBF was once one of the most representative figures in the cryptocurrency industry, and FTX had also been one of the world’s major exchanges. However, with the collapse of FTX and revelations that customer funds were misappropriated, his reputation was seriously damaged, making him one of the most closely watched financial crime cases in the history of the crypto industry.

Now that SBF has again brought up the idea of issuing new tokens, market reactions are clearly divided.

• Some people believe the plans lack practical feasibility;
• Others believe the crypto market has always been filled with speculative capital and hype-driven effects—so as long as there is enough attention, it may still attract some investors.

Against the backdrop of a maintained prison sentence, a failed appeal, and steadily increasing political resistance, whether SBF has a chance to return to the market spotlight through a new cryptocurrency project still involves many uncertainties that remain to be observed.