The U.S. Senate has unanimously handed a decision stating that FTX founder Sam Bankman-Fried ought to “certainly not” obtain govt clemency, together with a pardon or commutation.
The bipartisan measure was led by Senators Cynthia Lummis (R-WY) and Rubén Gallego (D-AZ), the highest members of the Banking Committee’s digital belongings subcommittee.
The decision is symbolic and would not restrict the president’s constitutional pardon energy; Bankman-Fried, convicted in 2023, is not eligible for launch till 2044.
The U.S. Senate has unanimously declared that Sam Bankman-Fried ought to by no means win clemency, passing a decision on Wednesday that claims the convicted FTX founder ought to “certainly not” obtain a pardon or commutation of his 25-year sentence.
Agreed to by unanimous consent: S. Res. 772, A decision expressing the sense of the #Senate that certainly not ought to Samuel Bankman-Fried obtain govt clemency, together with a pardon or commutation, and affirming the Senate’s dedication to the rule of regulation and…
— Senate Press Gallery (@SenatePress) July 15, 2026
The measure, S. Res. 772, handed by unanimous consent—a process that clears a decision so long as not a single senator objects. Alongside its stance on Bankman-Fried, it affirmed the Senate’s dedication to “the rule of regulation and integrity of the USA monetary system.”
As a nonbinding decision, it carries no authorized power, and can’t curb the president’s constitutional energy to grant clemency.
A uncommon bipartisan entrance
The measure was steered by Senators Cynthia Lummis (R-WY) and Rubén Gallego (D-AZ), the highest Republican and Democrat on the Senate Banking Committee’s digital belongings subcommittee, who launched it on June 17. Lummis, the crypto business’s most outstanding advocate in Congress, mentioned on the time that Bankman-Fried “had his day in courtroom.” Gallego was extra blunt, stating, “Maintain him locked up.”
On the time, a spokesperson for Lummis’ workplace advised Decrypt that, “SBF has clearly ramped up his pardon marketing campaign and Senator Lummis desires Fried to know she and her colleagues suppose he’s proper the place he belongs.”
A narrowing path to freedom
The vote lands as Bankman-Fried retains searching for a method out. He misplaced his enchantment when a federal courtroom upheld his fraud conviction final month, whereas President Donald Trump mentioned in January that he had no plans to pardon him.
Trump has been keen to increase clemency to different crypto figures—amongst them Binance founder Changpeng “CZ” Zhao, BitMEX co-founders Arthur Hayes, Ben Delo, and Samuel Reed, and Silk Street creator Ross Ulbricht, all of whom he pardoned.
How FTX unraveled
A jury convicted Bankman-Fried in November 2023 on seven counts tied to the 2022 implosion of FTX, as soon as one of many world’s largest crypto exchanges. He was sentenced to 25 years in jail, with prosecutors referred to as it one of many largest monetary frauds in U.S. historical past after American prospects misplaced greater than $8 billion.
With the courts, the White Home, and now the complete Senate lining up in opposition to him, Bankman-Fried’s choices are thinning—leaving his scheduled launch, someplace round 2044, as his likeliest route out.
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