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And he might just get one, even after running a multi-billion dollar fraud scheme.

Follow the latest news on the major headlines of the day.

Bankman-Fried's clemency plea highlights ongoing debates over presidential pardon powers and their impact on justice for financial crimes.

Former FTX CEO Sam Bankman-Fried has filed a formal pardon request with President Donald Trump while continuing to appeal his fraud conviction.

The request was made by Bankman-Fried to the Department of Justice Office of the Pardon Attorney, according to its database.

The former crypto executive was sentenced to 25 years in prison after prosecutors accused him of misappropriating billions of dollars in customer funds

Sam Bankman-Fried, a one-time billionaire and cryptocurrency executive now in prison for fraud, has applied for a pardon from President Donald Trump.