US Senators Introduce Resolution Opposing Clemency for Sam Bankman-Fried
Summary
- A resolution opposing federal clemency measures for Sam Bankman-Fried, including a presidential pardon and commutation, has been introduced in the U.S. Senate.
- A U.S. court in 2024 sentenced Sam Bankman-Fried to 25 years in prison and ordered the forfeiture of $11 billion.
- President Donald Trump has previously said he has no plans to pardon Sam Bankman-Fried.
Forecast Trend Report by Period
A resolution opposing federal clemency for FTX founder Sam Bankman-Fried has been introduced in the U.S. Senate.
Decrypt reported on June 17 that Democratic Senator Ruben Gallego and Republican Senator Cynthia Lummis introduced the measure, which opposes any presidential pardon, commutation or other federal clemency for Bankman-Fried.
The two lawmakers lead the Senate Banking Committee's digital assets subcommittee. The resolution is not legally binding, but it formally states the Senate's opposition to clemency for Bankman-Fried.
Gallego said Bankman-Fried should remain in prison. He added that Bankman-Fried has shown no remorse for his crimes.
Bankman-Fried was charged with fraud and conspiracy after FTX collapsed in 2022. A U.S. court later sentenced him in 2024 to 25 years in prison and ordered the forfeiture of $11 billion.
Bankman-Fried recently filed a formal clemency petition with the U.S. Justice Department's Office of the Pardon Attorney. The request seeks a pardon after he completes his sentence. The petition is still pending.
President Donald Trump has previously said he has no plans to pardon Bankman-Fried.
