The issue of Do Kwon's pardon continues to ferment. This is not just a high-level legal case; there are also many retail investor interests involved behind the scenes. Political environment, timing of the push, and legal constraints are all factors that will influence the final outcome. The pardon decision will not be made hastily; each step is the result of careful deliberation. The legal dilemma faced by the cryptocurrency industry is becoming a focal topic at the policy level.