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US Senate passes resolution opposing clemency for Sam Bankman-Fried
The nonbinding measure passed unanimously by consent, saying Bankman-Fried should not receive a presidential pardon or commutation.
The U.S. Senate has unanimously approved a nonbinding resolution declaring that FTX founder Sam Bankman-Fried should never receive presidential clemency, a move that signals congressional opposition to any pardon or commutation. CoinDesk reports the resolution passed without objection under unanimous consent, which treats it as a measure even though it is not legally binding.
The bipartisan effort, led by Senators Cynthia Lummis of Wyoming and Ruben Gallego of Arizona, reflects lawmakers’ view of Bankman-Fried’s role in the fraud prosecutors described as among the largest in U.S. history. The Senate resolution states he should receive clemency “under no circumstances,” according to CoinDesk.
Bankman-Fried was convicted in 2023 on seven counts tied to the collapse of FTX and the loss of more than $8 billion in customer funds. The article says he is not eligible for release until around 2044, and that former President Donald Trump has said he has no plans to pardon him.
The Senate action also comes months after Trump pardoned other prominent crypto-related figures, including Binance founder Changpeng Zhao and Silk Road creator Ross Ulbricht. CoinDesk notes Lummis said “He had his day in court,” while Gallego concluded with “Keep him locked up.”