Trump’s second-term clemency has emphasized political allies, donors, crypto figures, and individuals with access to administration insiders or family networks rather than the traditional DOJ process. Blanket pardons covered roughly 1,500 January 6 defendants on inauguration day and 77 people tied to 2020 fake electors in November 2025, while additional grants have gone to figures such as Ross Ulbricht, Changpeng Zhao, Trevor Milton, and various fraud defendants linked to campaign contributions or lobbying by associates like Roger Stone. As of mid-2026, the president has issued more than 1,700 acts of clemency, often bypassing standard guidelines, with discussions of further action around the nation’s semiquincentennial. With the market resolving December 31, 2026, trader focus centers on remaining high-profile names whose connections or timing could trigger additional grants before year-end.