Will FTCX founder Sam Bankman-Fried get a pardon from Donald Trump and the U.S. labor market sends mixed signals?

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

In an interview with the New York Times, President Trump explicitly stated he does not intend to offer clemency to former

crypto mogul Sam Bankman Fried, who was serving a 25-year sentence for fraud. Despite a recent media

tour and lobbying efforts by Bankman Fried's parents, the president grouped SBF with other high-profile

figures denied mercy, including Sean Diddy Combs and recently captured Venezuelan leader Nicholas Maduro.

The decision stands in contrast to Trump's treatment of other crypto figures, having previously

pardoned finances CZ, Silk Roads, Ross Albright, and the Bitmex co-founders.

The U.S. labor market sent mixed signals in December in its first clean data report since the

government shutdown ended.

Non-farm payrolls added just 50,000 jobs missing the economic forecast of 60,000.

Additionally, October's figures were revised sharply lower to show a loss of 173,000 jobs. The silver lining came from the unemployment rate, which beat expectations by falling to 4.4%.

Bitcoin markets remained largely unfazed, holding steady expectations by falling to 4.4%. Bitcoin markets remained largely

unfazed, holding steady above $90,000. Traders are now pricing in a pause from the Federal

Reserve in January with split opinions on whether rate cuts will resume in March. And the Zcash saga

continues. Less than 24 hours after resigning on mass, the former electric coin company team

is rebranding their exit as a startup pivot. Former CEO Josh Sweetheart announced the formation

of a new entity tentatively named Cash Z. The group plans to launch a new consumer wallet

based on the Zashi code base, arguing that startups can scale, but nonprofits can't.

The move aims to bypass the governance gridlock with the nonprofit bootstrap board that led to

the team's resignation yesterday. As of this morning, the Zek token has bounced back to above

$430. That's it for CoinDesk Daily. Get more updates on CoinDesk.com, and we'll see you next time.

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