US Senators Introduce Resolution Opposing Clemency for Sam Bankman-Fried

A resolution opposing any 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 that day opposing a presidential pardon, sentence commutation or any other federal clemency for Bankman-Fried.

The two senators lead the Senate Banking Committee's digital assets subcommittee. The resolution is nonbinding, but it formally states the Senate's opposition to clemency for Bankman-Fried.

Gallego said Bankman-Fried "should stay 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 prison term. The petition is still pending.

President Donald Trump has said he has no plans to pardon Bankman-Fried.