SBF Backs Trump on Crypto After Ellison's Early Release
The FTX founder's praising Trump's crypto stance while Ellison walks free. The timing? Not exactly subtle.
Scout Team
Well, this is awkward. Sam Bankman-Fried just went full Trump supporter on X, calling the former president "right on crypto" while taking shots at Biden for bungling digital asset policy. And yeah, the timing couldn't be more interesting - this comes right after Caroline Ellison got sprung from prison early.
Remember Ellison? SBF's ex-girlfriend who ran Alameda Research and testified against him? She just scored an early release from her sentence, and suddenly SBF's singing Trump's praises from his own prison cell. The guy who once threw millions at Democratic candidates is now backing the Republican who's been courting the crypto vote hard for 2028.
Look, I've covered enough crypto drama to know when someone's playing angles. SBF praising Trump right after his star witness gets out early? That's not coincidence - that's strategy. Whether he's angling for a pardon or just trying to stay relevant from behind bars, the political pivot is pretty transparent.
The crypto community's reaction has been... let's say mixed. Some see it as proof that Trump really is the crypto candidate. Others think SBF's just desperate and latching onto anyone who might help him. Honestly, both could be true. Trump has been more crypto-friendly than Biden was, but taking endorsements from convicted fraudsters isn't exactly a great look.
Here's what gets me though - we're watching a guy who destroyed billions in customer funds trying to rehabilitate his image by picking political sides. The same guy who swore he was apolitical when it suited him. Prison changes people, sure, but this feels more like calculated messaging than genuine conversion.