Disgraced FTX founder Sam Bankman-Fried has stepped up public praise for US President Donald Trump while criticising former president Joe Biden following the release of Caroline Ellison from federal custody.
The comments surfaced in a series of posts on X made days after Ellison, the former chief executive of Alameda Research, completed a 440-day prison sentence tied to the 2022 collapse of FTX.
Bankman-Fried said Trump was “right on crypto,” while accusing Biden of having “bungled crypto” during his time in office.
Observers say the renewed political commentary has fuelled speculation that Bankman-Fried is positioning himself for a possible presidential pardon.
The former exchange chief has increased his media appearances since early 2025, including an interview with the New York Sun and a public discussion with political commentator Tucker Carlson.
“@realdonaldtrump is right on crypto,”
Sam Bankman-Fried said.
Bankman-Fried also extended praise beyond digital assets, endorsing Trump’s handling of foreign policy matters.
He described the arrest of Venezuelan President Nicolás Maduro as “smart, gutsy, and pro-democracy,” framing it as decisive leadership.