The Meaning of Trump’s Presidential Pardons

“No maga left behind,” Martin tweeted. He seems to mean it: Trump granted two hundred and thirty-eight pardons and commutations in his first term; less than a year into his second, he has issued nearly two thousand. In most cases, of course, the person being pardoned had been found guilty of a crime. The pardon economy presents the possibility that, if you’re nice enough to the President, a jury’s judgment might be set aside. But you have to stay nice: on Newsmax, Trump mused about a potential pardon for Diddy, on his conviction for prostitution-related charges. “I got along with him great,” the President said, “but when I ran for office he was very hostile.” He added, “I’m being honest—it makes it more difficult to do.”

Many of Trump’s pardons have helped him secure political loyalties. He has pardoned more than a thousand people convicted on charges related to the events of January 6th, as well as dozens of fake electors and lawyers who supported those events. But some of the most egregious acts contain a financial element. Last month, Trump pardoned the Chinese Canadian billionaire Changpeng Zhao, who founded the crypto exchange Binance. In 2023, Zhao pleaded guilty to failing to report the use of the platform by terrorist entities and individuals sanctioned by the U.S. government. This spring, according to the Journal, Binance took steps that boosted the value of a stablecoin developed by World Liberty Financial, in which the Trump family has a large stake, including the receipt of a two-billion-dollar investment. (Representatives for both World Liberty Financial and Binance denied that there was any impropriety.) When asked on “60 Minutes” about Zhao’s pardon, Trump said, “O.K., are you ready? I don’t know who he is.”

The ingenuity of Trump’s initiative is that it is explicitly permitted by the Constitution, which states that the President “shall have Power to grant Reprieves and Pardons for Offenses against the United States.” But the power can still be politically entangling. The White House press secretary, Karoline Leavitt, has generally argued that Trump’s pardons are correcting overzealous prosecutions by the Biden Administration of political enemies and financial upstarts—in effect, claiming that the social consensus has shifted to the right. But Trump’s popularity has declined—it’s forty-one per cent in the Times’ polling average—and this month’s elections went badly for the G.O.P., so the correcting-Biden justification may have less traction.

That could prove particularly true with Trump’s stickiest problem, which he’s lately been calling the “Epstein hoax.” Over the summer, after Justice Department officials had promised to review investigative files on the activities of the late financier Jeffrey Epstein, the Deputy Attorney General, Todd Blanche, met with Ghislaine Maxwell, who is serving a twenty-year sentence for conspiring with Epstein to sexually exploit and abuse minors. She told Blanche that Trump had always been “a gentleman” and that she’d never seen him in Epstein’s house or “in any type of massage setting.” She was then moved to a minimum-security prison, where she is reportedly preparing an application for commutation, but last week House Democrats released thousands of documents obtained from Epstein’s estate, including some e-mails that appeared to contradict her.

Last week, the White House said that Trump is not considering a pardon for Maxwell, and no wonder. If he were to issue one, it would highlight, in a very public way, the system that he and his subordinates have built: a separate tier of justice for his allies and investors—a legal gray zone for people the President finds useful. ♦