Trump has exercised broad clemency authority since returning to office in January 2025, granting over 1,700 pardons and commutations by June 2026. This includes immediate blanket relief for roughly 1,500 January 6 defendants, commutations for Proud Boys and Oath Keepers leaders, and individual grants to figures such as Ross Ulbricht, Trevor Milton, George Santos, and Stephen Buyer. Recent actions in 2026 have continued at a steady pace, with batches issued in February, June, and July. These patterns reflect priorities around political allies, campaign supporters, and cases tied to prior investigations, establishing a baseline for expectations about additional grants before the 2027 cutoff. Trader assessments center on which specific names or categories remain eligible under ongoing White House review.