US President Trump recently told the media that there are no plans to pardon SBF, who was convicted of fraud and conspiracy related to FTX misappropriating customer funds.

This high-level American official's stance is clearly very firm. SBF was sentenced to 25 years in prison in 2023 on multiple serious charges, and this case has become one of the most influential bankruptcies in crypto history. From misappropriating customer funds to internal fraud, every detail has profoundly impacted the industry’s understanding of risk management.

Trump’s statement, to some extent, reflects that even political figures hold reservations or even strict attitudes toward serious illegal activities in the crypto space. For the entire Web3 ecosystem, this also serves as a warning about the importance of compliance and trust—without investor protection, so-called innovation is just a house of cards.

The judicial progress of the SBF case will continue to serve as an important reference for the standard development of the crypto industry.