Sam Bankman-Fried loses appeal to overturn 25-year prison sentence

A federal appeals court has upheld former FTX CEO Sam Bankman-Fried’s conviction and 25-year prison sentence, denying his appeal. He has reportedly sought clemency from President Donald Trump, but that effort faces significant political obstacles. The case remains a focal point for regulatory and trust issues in the crypto sector.

The appeals court's rejection signals a legal resolution in the FTX case, which could weigh on crypto market sentiment and regulatory scrutiny, making it negative for Bitcoin and related assets. Direct immediate effects on FX, gold, or broader equities are likely limited, so those impacts are assessed as neutral.