Why did SBF change his political orientation and clearly

SBF’s origins and early crypto-entrepreneurship experience explains the reasons for its early tendency toward the Democratic Party. Then we analyze changes in the crypto industry and political environment, and finally discuss the possible reasons why SBF has clarified the "shoulder" Trump from multiple aspects such as supervision and interests.

Regulatory policy expectations : The SBF may believe that after Trump takes office, he will implement regulatory policies that are more conducive to the cryptocurrency industry. Reducing cumbersome regulatory processes and restrictions can give cryptocurrency trading platforms greater room for development, and FTX can expand its business in a more relaxed environment and obtain more profits.

Personal Interest Considerations : SBF's FTX Empire occupies an important position in the cryptocurrency market, and political support may bring him more business opportunities. By supporting Trump, he can establish connections with political forces and gain an advantage for himself and FTX in business negotiations, market competition, etc.

Industry development trend judgment : SBF may judge that Trump's policies are more in line with the future development trends of the cryptocurrency industry. With increasingly fierce competition in the global cryptocurrency market, if the United States can relax its regulation, it will help its own cryptocurrency companies take the lead in the international market, and FTX, as an important company in the industry, will naturally benefit from it.

Campaign Funding and Influence : SBF has always been active in political donations, and supporting Trump can give him greater influence on the political stage. By providing campaign funds, he was able to build close ties with the Trump camp, thereby influencing political decision-making and seeking benefits for the cryptocurrency industry and his own businesses.

Competitors and Political Alliance : In the cryptocurrency industry, SBF's FTX also faces many competitors. By supporting Trump, he can form political alliances with other companies and forces that support Trump, jointly fight against competitors and consolidate FTX's position in the industry.

Policy uncertainty and risk aversion : There is a certain degree of uncertainty in the Democratic Party’s attitude towards cryptocurrencies, and stricter regulatory policies may be introduced. In contrast, Trump's policy tendencies are more in line with SBF's expectations for the future development of FTX, and supporting Trump has become his choice to avoid potential policy risks.

Political resources and business cooperation : Trump's camp has rich political resources and business connections. SBF supports Trump and is expected to use these resources to open up more business cooperation opportunities for FTX, such as cooperating with traditional financial institutions and expanding international markets.

Public opinion and public image : Trump has a high support rate among some voters. SBF supports Trump, and may also hope to use Trump's influence to improve the image of FTX in the public's mind and attract more users and investors.

Guidance on the direction of industry development : SBF may hope to support Trump and guide the US government to make decisions that are more in line with the interests of its own companies by supporting Trump, and promote the widespread use of cryptocurrency in payments, investment and other fields.

Geopolitics and International Markets : From a geopolitical perspective, Trump’s foreign policy may have an impact on the United States’ position in the global cryptocurrency market. The SBF supports Trump, perhaps in the hope of using the United States' international influence to promote the expansion of FTX in the international market.