Trump has continued issuing federal pardons and commutations at a steady pace during his second term, including a batch of 30 clemency grants on September 3–4, 2026, and at least one additional action days later. These followed earlier rounds in 2025 and 2026 that bypassed the traditional Justice Department process in most cases and often benefited individuals with political connections, donors, or advocates using informal channels. A White House “pardon czar” has coordinated recent efforts, while reports highlight a growing network of brokers seeking access for clients. Democratic lawmakers have signaled potential oversight if they regain congressional control. Markets on near-term pardon activity reflect trader assessments of this ongoing pattern, the timing of any new grants, and the absence of announced pauses or structural changes that would halt clemency actions.