Senators Oppose Clemency for FTX Founder Sam Bankman-Fried
- Sens. Rubén Gallego (D-AZ) and Cynthia Lummis (R-WY) introduced a resolution against any presidential pardon for Sam Bankman-Fried.
- The resolution labels Bankman-Fried as an unrepentant fraudster, opposing his claims of political persecution.
- Bankman-Fried was sentenced to a 25-year sentence and $11 billion forfeiture in March following the collapse of FTX.
- FTX customers lost over $8 billion, marking one of the largest financial frauds in U.S. history.
- President Trump has already ruled out clemency for Bankman-Fried despite past pardons of other crypto figures like BitMEX’s Arthur Hayes and Binance’s Changpeng Zhao.
The bipartisan resolution by Senators Gallego and Lummis underscores Congress’s stance against clemency for Sam Bankman-Fried, emphasizing accountability over perceived political bias in his prosecution.
This move comes after a formal pardon request by Bankman-Fried, whose conviction was upheld recently, leaving him ineligible for release until at least 2044. (Source)
