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Philip Lacovara, who was counsel to the Watergate special prosecutor, says no.

https://www.washingtonpost.com/opinions/2020/11/24/yes-biden...

The problem I saw with Ford’s pardon of Nixon also applies to giving Trump a pass: Doing so would effectively treat a president, even if a former president, as above the law. Extending a pardon to Nixon while his co-conspirators — White House aides H.R. Haldeman, John Ehrlichman and attorney general John N. Mitchell — were on their way to prison created an unwarranted, privileged position for the former president. Although Biden is unlikely to issue a formal pardon to his predecessor, even deliberately ignoring Trump’s crimes would similarly signal that a president is not subject to equal justice under the law.
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