Caroline Ellison, the former CEO of Alameda Research, is set to be released from federal custody on January 21, 2026, after serving less than half of her two-year sentence. Ellison transitioned to community confinement in October 2025 and played a key role in the conviction of Sam Bankman-Fried by cooperating with authorities in the FTX case. On December 19, 2025, Ellison agreed to a 10-year prohibition from leading public companies or cryptocurrency exchanges. Her release will not conclude her post-sentence supervision or regulatory restrictions. The market may respond to her return, particularly in risk-on assets, as her case is also linked to efforts in Countering the Financing of Terrorism.