'Crypto King' Sam Bankman-Fried reveals his predictions for the future of crypto under Donald Trump from prison
Time for the President to put his money where his mouth is
The so-called 'crypto king' has commented on the future of digital currencies under President Donald Trump in a new interview with Tucker Carlson.
President Donald Trump has been busier than ever during his (latest) first 100 days, and when not finding time to rename the Gulf of Mexico, wage war on immigration, and let thousands go as part of the Department of Government Efficiency's cuts, he's been vowing to 'Make America Crypto Again'.
While the POTUS once slammed Bitcoin as a 'scam', he soon came around to the idea and even became the first President to order goods with cryptocurrency when he chowed down on a Bitcoin burger in September 2024.
We've already seen cryptocurrency prices rally following a period of fluctuation, and with Trump now signing his "Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile" executive order, things are set to continue climbing.
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Although the reserve is said to save taxpayer money by being made up from seized crypto from the likes of Silk Road's Ross Ulbricht, the fact that his ill-gotten gains will be added to the pot doesn't seem to phase the so-called 'Crypto King', Sam Bankman-Fried.
Unlike Ulbricht, who was freed from his life sentence as part of Trump's January pardons, Bankman-Fried still sits in his jail cell and apparently hangs out with P. Diddy every day.
For those who don't know, Bankman-Fried is the former FTX CEO who was arrested in the Bahamas in December 2022 over allegations of fraud and other related crimes. FTX collapsed, and in the aftermath, Bankman-Fried was sentenced to 25 years in prison and made to forfeit $11 billion.
Discussing his current incarceration and what he thinks the future of crypto looks like under Trump with Tucker Carlson, Bankman-Fried said he thinks the POTUS is the right guy for the job.
It was revealed during Bankman-Fried's trial that he donated $119 million to politicians during the 2022 election cycle, but according to him, he thinks Joe Biden left him to rot because he was also donating to the Republican Party. SBF also went on to bash Securities and Exchange Commission Chair Gary Gensler, saying regulation under him was "something of a nightmare."
As for Trump's new regime, Bankman-Fried gushed: "You look at what the Trump administration said, you know, going into office.
“There are a lot of good things. There are a lot of things that were very different from the stance that the Biden administration took, that you guys around the SEC took."
As for where things go next, Bankman-Fried referred to the 'obstructive' SEC but said that things are 'hopeful' as he added: "Obviously, the follow-through is what matters, and that’s where we’re at now.
"Changing the guard helps, but financial regulators, they’re big giant bureaucracies in the federal government. They’re not used to changing overnight."
There are still some questions about whether Trump can get past all the red tape, and in Bankman-Fried's own words: "When rubber meets the road, will the administration do what needs to be done and figure out how to do it?"
As for Bankman-Fried's glowing review of Trump, it comes at a seemingly convenient time, considering his parents are appealing to the President for a pardon. Whether this really is the golden age for crypto in America or not, it looks like Sam will be watching from his cell for the foreseeable future.