White House Reaffirms Denial of Pardon for FTX's Sam Bankman-Fried

Sam Bankman-Fried, the former CEO of FTX, is facing a tough road to receiving a pardon from Donald Trump after the White House reaffirmed its stance on denying clemency.

The decision comes as Bankman-Fried continues to serve his 25-year prison sentence for fraud and financial misconduct related to the collapse of FTX in 2022. The bankruptcy of the cryptocurrency exchange was one of several high-profile collapses that shook investor confidence in the sector.

Bankman-Fried has been trying to appeal his conviction and sentencing, but so far, courts have shown little sympathy. Meanwhile, the White House has maintained its position on denying pardons for individuals like Bankman-Fried, who are convicted of serious crimes.