Trump has exercised broad clemency authority since January 2025, issuing full pardons or commutations to over 1,700 individuals by mid-2026. Early actions included blanket relief for roughly 1,500 January 6 defendants and high-profile grants to figures such as Ross Ulbricht. Subsequent batches in 2026 covered white-collar offenders, including George Santos and Stephen Buyer in June, plus groups tied to Clean Air Act violations and other fraud cases in July. Trader assessments center on patterns of donor influence, ally advocacy, and executive discretion, with remaining resolution windows through 2026 shaped by ongoing applications, Senate dynamics, and any scheduled announcements before the market cutoff.