Trump Rejects Pardoning Crypto Fraudster SBF, Reaffirms Support for Crypto Industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2026
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Source: Benzinga
- Pardoning Rejection: Trump explicitly stated during a New York Times interview that he has no intention of pardoning high-profile individuals like SBF, who is serving a 25-year sentence for misappropriating FTX customer funds, with a potential early release due to good behavior, reflecting Trump's complex stance on the crypto industry.
- Support for Crypto Industry: Trump reiterated his backing for the cryptocurrency sector, claiming that his support garnered him significant votes, indicating his ambition for the U.S. to lead in the global crypto market, which could influence future policy directions.
- Family Conflict of Interest: The Trump family's involvement in the crypto industry has sparked allegations of conflicts of interest and corruption, particularly regarding their ties to World Liberty Financial and American Bitcoin, which may delay the advancement of the crypto market structure bill.
- Politically Driven Conviction: SBF argues that his conviction was politically motivated, and despite his family's broader clemency campaign, Trump's refusal may further exacerbate the frustrations of SBF and his supporters.
Analyst Views on ABTC
Wall Street analysts forecast ABTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ABTC is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.570
Low
4.00
Averages
4.00
High
4.00
Current: 1.570
Low
4.00
Averages
4.00
High
4.00
About ABTC
American Bitcoin Corp., formerly Gryphon Digital Mining, Inc., is a Bitcoin accumulation company. The Company's operations include bitcoin mining sites, bitcoin mining pools, and protection of bitcoin assets. The Company operates Bitcoin Miners at four sites under Master Colocation Services Agreement (MCSA): Alpha (Niagara Falls, NY); Salt Creek (Orla, TX); Medicine Hat (Medicine Hat, AB), and Vega (Texas Panhandle). It receives Bitcoin mining rewards from its mining activity through third-party mining pool operators, Foundry and Luxor. Mining pools allow Bitcoin miners to combine their processing power, increasing their chances of solving a block and getting paid by the network. It provides computing power to mining pools, which use this computing power to operate nodes and validate blocks on the blockchain. It uses third-party custody solutions, including Coinbase Custody and Anchorage Digital Bank N.A., to safeguard its Bitcoin, mainly in cold storage wallets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
