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Flash News List

List of Flash News about SOL exposure

Time Details
2025-10-14
22:05
Trump Pardon Rumor for Sam Bankman-Fried (FTX): What It Means for FTT, BTC, SOL and How the Clemency Process Works

According to @DecryptMedia, Laura Loomer claimed on X that there is a major push to secure a presidential pardon for FTX founder Sam Bankman-Fried (SBF). Source: Decrypt tweet dated Oct 14, 2025. SBF was convicted in the Southern District of New York and sentenced in March 2024, making him subject to the federal clemency framework rather than state processes. Source: U.S. Attorney’s Office SDNY press release, March 28, 2024. The U.S. President has constitutional authority to grant pardons for federal offenses, and granted clemency is typically announced via official White House and Department of Justice channels. Source: U.S. Constitution Article II, Section 2; U.S. Department of Justice Office of the Pardon Attorney (clemency process overview); White House Press Office release conventions. A presidential pardon would not control FTX’s Chapter 11 estate or customer recoveries, which proceed under the Delaware Bankruptcy Court and the FTX Debtors’ plan and court-approved asset management program (including prior sales of estate digital assets such as SOL). Source: U.S. Bankruptcy Court for the District of Delaware, Case No. 22-11068 (FTX Trading Ltd.); FTX Debtors’ filings and court orders authorizing asset management and sales. For traders, treat any pardon chatter without an official notice on whitehouse.gov or justice.gov as unconfirmed headline risk, and manage exposure in FTT, SOL, and broader crypto (BTC) accordingly. Source: White House and DOJ as official clemency announcement channels; Delaware Bankruptcy Court docket indicating estate-managed digital asset sales.

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