Trump has issued over 1,700 clemency grants since January 2025, including a blanket pardon for roughly 1,500 January 6 defendants on Inauguration Day and subsequent relief for figures such as Ross Ulbricht, Changpeng Zhao, and multiple drug offenders or union leaders in batches through September 2026. Recent activity includes 30 grants announced that month covering drug cases, firearms offenses, and bribery convictions, alongside lobbying campaigns tied to rumors of a larger 250-pardon package marking the nation's 250th anniversary. Trump has publicly indicated openness to pardoning administration officials before term's end, citing precedent from the prior administration, while high-profile applicants continue pressing cases through allies. These patterns, combined with the Office of the Pardon Attorney's ongoing reviews and scheduled political events like midterms, shape trader assessments of near-term grants.