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Several figures in the crypto industry are vying for a presidential pardon from Trump, with lawyers charging fees as high as one million US dollars.

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444Words
May 7, 2025

According to Bloomberg, the Trump administration's broad pardons of crypto industry figures have raised concerns, with lawyers charging clients up to 1 million USD for pardon efforts.

  • Nikola founder Trevor Milton received a full pardon from Trump in March 2023; he was convicted of fraud in 2022 and had donated 1.70 million USD to support Trump's 2024 campaign.
  • FTX founder SBF's family is also seeking a pardon, with legal fees exceeding 1 million USD.
  • Early Bitcoin advocate Roger Ver spent 600 thousand USD hiring Trump ally Roger Stone to lobby, but did not receive a pardon due to renouncing U.S. citizenship.
  • Binance founder Changpeng Zhao and Ozy Media founder Carlos Watson have also sought pardons through lawyers.
  • Since taking office, Trump has pardoned approximately 1,600 individuals.
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