Trump has exercised expansive clemency authority during his second term, issuing a broad proclamation on January 20, 2025, that pardoned or commuted sentences for nearly all January 6 defendants and later extending similar relief in November 2025 to allies tied to 2020 election-related activities, including Rudy Giuliani and Mark Meadows. Additional grants continued through 2026, with batches in January, February, and July covering assorted federal cases and some commemorative actions ahead of the semiquincentennial. These steps reflect standard presidential use of Article II pardon power to address perceived prosecutorial overreach or reward political supporters. Trader focus centers on whether further targeted pardons for specific individuals or categories will occur before the 2027 cutoff, influenced by ongoing DOJ processes, any new investigations, holiday traditions, or administration priorities on reconciliation. Resolution depends on formal White House proclamations or DOJ announcements within the window.