There has been a major news event recently that has caused quite a stir in the crypto circle. According to reports, former U.S. President Trump has explicitly stated that he will not grant a pardon to FTX founder SBF, which essentially seals his 25-year prison sentence.

To review the background: SBF was once a prominent figure in the crypto industry, and FTX was once regarded as a leading exchange in the sector. However, the sudden collapse of FTX in 2022 completely changed everything, with losses exceeding $8 billion and affecting countless investors. Subsequently, SBF was sentenced to 25 years in prison on charges including fraud.

Earlier, there was speculation in the crypto community that, considering Trump had pardoned several cases, SBF might have a chance to turn things around. But now, that possibility has been largely eliminated.

This news has significant implications. For SBF himself, it means there is no longer any hope for legal redemption; for the entire crypto market, it could intensify investors’ concerns about regulatory policies. After all, the FTX incident itself caused a serious trust crisis in the industry, and the final penalties for those involved will directly influence market expectations regarding compliance.

It’s worth noting that Trump’s stance may change in the future, but as of now, his position is quite clear. Investors holding tokens like FTT, SOL, and other related cryptocurrencies should closely monitor subsequent regulatory developments and market reactions.