Cointime

Download App
iOS & Android

SBF Pardon Plea Tour Continues With Tucker Carlson Podcast Appearance

Cointime Official

From coindesk By Tom Carreras, Cheyenne Ligon| Edited by Stephen Alpher

What to know:

  • Former FTX CEO Sam Bankman-Fried was sentenced to 25 years for fraud and conspiracy.
  • He claimed in an interview with Tucker Carlson today that he was becoming closer to the Republican Party before his arrest and that played a role in his sentencing.
  • Bankman-Fried donated over $40 million to 196 members of Congress, including top Republicans and Democrats.

Between his recent social posts referring to the Department of Government Efficiency (DOGE), an interview with The New York Sun and his conversation with conservative pundit Tucker Carlson, FTX CEO Sam Bankman-Fried seems to be attempting a media rehabilitation tour.

Bankman-Fried suggested to Carlson on Thursday that one of the reasons he’d been given a harsh prison sentence was because he was getting closer to the Republican Party in the lead-up to his arrest.

“One fact that might be relevant. In 2020 I was center-left and I gave to Biden's campaign," he said. "I was optimistic he'd be a sort of solid center-left President. I spent the next few years in [Washington] DC a lot. I made dozens of trips there, and was really, really shocked by what I saw, not in a good direction, from the administration."

“By late 2022 I was giving to Republicans privately as much as Democrats. And that started becoming known right around FTX’s collapse, so that probably played a role,” Bankman-Fried added.

Bankman-Fried was found guilty of multiple charges of fraud and conspiracy in March 2024 and sentenced to 25 years in prison. He made over $40 million in political donations to 196 members of Congress, including former Speaker of the House Kevin McCarthy (R-Calif.) and former Senate Majority Leader Chuck Schumer (D-N.Y.). In other words, 1 in 3 lawmakers took money from him.

During Bankman-Fried's lengthy trial, it was revealed that he'd mulled a number of potential ways to rehab his public image following the collapse of FTX. An undated Google Doc listed ideas such as "come out against the woke agenda" and "Go on Tucker Carlsen, come out as a republican." With the GOP now firmly in power in D.C., the latter idea has now seemingly come to fruition.

Bankman-Fried told Carlson that he’d never expected a whole lot from the Democrats but that he believed some lawmakers would prove thoughtful in both political parties. He criticized former Securities and Exchange Commission (SEC) Chair Gary Gensler, calling the agency “something out of a nightmare” during his tenure due to difficulties for crypto companies to come in and register.

Asked by Carlson whether he’d called in any favors from political figures during his trial, Bankman-Fried denied it. However, the 33-year-old's parents, former Stanford Law School professors Barbara Fried and Joseph Bankman, have reportedly been meeting with lawyers and other people in U.S. President Donald Trump's orbit in an attempt to secure their son a presidential pardon.

“There’s a long story there. It involves a law firm that took a pretty unusual and active role in the case, before I even gave up control of FTX, before it was ever filed for bankruptcy, the DOJ had already made up its mind.”

The Google Doc unveiled during Bankman-Fried's trial also suggested he was planning to "talk about how the cartel of lawyers is destroying value and throwing entrepreneurs under the bus in order to cover up the incompetence of lawyers.”

Bankman-Fried recently posted a series of messages on social media about the difficulties of firing employees, in reference to the firings enacted by DOGE. Bankman-Fried was criticized by the crypto community for the posts, which were perceived as an attempt to ingratiate himself with the Trump administration.

Comments

All Comments

Recommended for you

  • Synthetix launches sUSD buyback program with a daily maximum limit of $1 million

    according to official sources, Synthetix has announced the launch of a daily maximum limit of $1 million sUSD market buyback program to address the recent drop in sUSD price to $0.93. The program will be conducted through open market operations, aiming to support market forces and restore the anchoring of sUSD to the US dollar. Previously, Synthetix has implemented several measures, including the Infinex reward program and the sUSD pledge plan for the 420 Pool, which currently has an annualized yield of 72% and requires participants to maintain a 10% sUSD pledge ratio. These measures have helped stabilize the sUSD price.

  • Spot gold fell below $3,220/oz, down 0.44% on the day

    spot gold fell below $3220 per ounce, with a daily decline of 0.44%.

  • Binance CEO: Adoption by institutional investors will strengthen Bitcoin’s “digital gold” and hedging attributes

    On May 12th, Binance CEO Richard Teng stated in a post on X platform: "Against the backdrop of global economic uncertainty, Bitcoin remains the flagship cryptocurrency asset and a resilient store of value. With the adoption of institutional investors, it is expected that Bitcoin will play a more important role as a hedge tool and digital gold in diversified investment portfolios."

  • Tokyo-listed Beat Holdings raises Bitcoin ETF investment limit from $6.8 million to $34 million

    On May 12th, Tokyo-listed company Beat Holdings announced that it will increase the upper limit of its Bitcoin-related investments from $6.8 million to $34 million. The company has purchased 131,230 units of BlackRock's iShares Bitcoin Trust (IBIT) at an average purchase price of $49.49 per unit. As of May 9th, the unrealized gain on the holdings has exceeded $681,000. To support further investments, Beat Holdings has withdrawn $2.8 million from its revolving credit line, with an expected interest of approximately $150,000 generated within the year.

  • BTC breaks through $104,000

    the market showed that BTC broke through $104,000, now reporting $104,000.01, with a 24-hour increase of 4.76%. The market is volatile, please manage risks.

  • BTC breaks through $103,000

    the market shows BTC has broken through $103,000, now trading at $103,000.02, with a 24-hour increase of 5.37%. The market is volatile, please manage your risks.

  • Spot gold fell by $7 in the short term and is now trading at $3,355 per ounce

    spot gold fell $7 in the short term, now at $3355 per ounce.

  • Bloomberg: G7 may discuss threats related to North Korea-backed crypto attacks in June

    According to Bloomberg, citing sources familiar with the matter, G7 leaders may discuss the escalating threat of North Korea-supported cyber attacks and cryptocurrency theft activities at next month's summit in Canada. The sources said that North Korea's funding of its regime through cybercrime has raised "serious alarms" - White House officials previously disclosed that North Korea is financing its military weapons program through cryptocurrency looting.

  • BTC breaks through $98,500

    market showed that BTC broke through $98,500 and is now trading at $98,513.87, with a 24-hour increase of 1.67%. The market is volatile, so please be prepared for risk control.

  • BTC falls below $97,000

    the market shows BTC has fallen below $97,000, now trading at $96,986.27, with a 24-hour increase of 2.93%. The market is volatile, please manage risks properly.