Trump has exercised broad clemency authority since returning to office in January 2025, beginning with blanket pardons and targeted commutations for roughly 1,500 January 6 defendants on his first day, including seditious conspiracy convictions. Subsequent actions have included individual pardons and commutations for political allies, former lawmakers, and defendants in white-collar cases involving tax evasion, wire fraud, and securities violations, often waiving restitution obligations. Recent grants through mid-2026 reflect continued focus on reversing specific federal prosecutions, while public statements have referenced potential future protections for administration personnel ahead of the 2026 midterms and term limits. Market pricing on specific names will hinge on documented patterns of loyalty-based grants rather than formal DOJ review processes.