Trump's second term has featured extensive use of the pardon power, beginning with a mass clemency grant on January 20, 2025, covering roughly 1,500 January 6 defendants plus named commutations for figures like Enrique Tarrio and Stewart Rhodes. Subsequent actions through mid-2026 have included pardons for 2020 fake electors, Ross Ulbricht, former lawmakers such as George Santos and Stephen Buyer, and numerous individuals convicted of fraud, tax, or environmental offenses. These grants have erased substantial restitution obligations in multiple cases. With resolution tied to actions before 2027, trader assessments center on patterns favoring political allies, claims of prosecutorial overreach, and ongoing clemency for specific categories amid remaining months in the calendar year.