U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried
The nonbinding resolution passed without objection after Bankman-Fried asked for clemency, months after Trump pardoned other major crypto figures, including Changpeng Zhao and Ross Ulbricht.
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Summary
- The Senate unanimously approved a resolution declaring that FTX founder Sam Bankman-Fried should under no circumstances receive a presidential pardon or commutation.
- The bipartisan measure, led by Senators Cynthia Lummis of Wyoming and Ruben Gallego of Arizona, underscores lawmakers’ view of Bankman-Fried’s role in what prosecutors called one of the largest financial frauds in U.S. history.
- Bankman-Fried, convicted in 2023 on seven counts related to FTX’s collapse and the loss of more than $8 billion in customer funds, is not eligible for release until around 2044, and former President Donald Trump has said he has no plans to pardon him.
