ZEC climbs 11%, Trump won’t pardon SBF, Florida eyes Bitcoin Reserve
ZEC rebounds 11% as Trump rules out a pardon for Sam Bankman-Fried and Florida revisits a Strategic Bitcoin Reserve
Zcash (ZEC) posted an 11% rebound, marking a notable move for the privacy-focused cryptocurrency amid a wider set of developments in the U.S. policy and legal landscape around digital assets.
In separate news, former U.S. President Donald Trump said he would not pardon Sam Bankman-Fried, the former CEO of FTX and a central figure in one of crypto’s most consequential criminal cases. The comment adds a clear data point to ongoing public debate about accountability in the sector and the lasting political fallout from the FTX collapse.
At the state level, Florida is again revisiting the idea of a Strategic Bitcoin Reserve, a concept that has surfaced in multiple jurisdictions as policymakers explore whether and how public funds could hold bitcoin as part of reserves. The renewed attention underscores how discussions around bitcoin are increasingly appearing in statehouse-level policy agendas, alongside questions about custody, risk management, and public-sector investment guidelines.
- Market: ZEC recorded an 11% rebound.
- Legal/political: Trump said he will not pardon Sam Bankman-Fried.
- Policy: Florida revisited discussion of a Strategic Bitcoin Reserve.
Taken together, the developments highlight how crypto markets continue to react alongside legal outcomes and government policy debates—areas that shape investor confidence, regulatory direction, and the industry’s standing with mainstream institutions.
