finance
Two Senators Introduce Resolution Opposing Pardon for FTX Founder
Sens. Cynthia Lummis and Ruben Gallego introduced a resolution urging officials to deny a pardon request from Sam Bankman-Fried. The measure cannot block executive action but signals congressional opposition to clemency.
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Sens. Cynthia Lummis and Ruben Gallego introduced a non-binding resolution on Wednesday opposing any pardon for Sam Bankman-Fried. The measure states that his 25-year sentence serves the interests of justice and was not the result of an unfair investigation.
Lummis, a Republican from Wyoming, and Gallego, a Democrat from Arizona, both serve on the Senate Banking Committee. They said they aim to pass the resolution quickly to express opposition to clemency. A spokesperson for Lummis stated that Bankman-Fried has increased efforts to seek a pardon.
Gallego said Bankman-Fried has shown no remorse and called his claims of being a victim of lawfare a joke.
Bankman-Fried was convicted in 2023 of fraud and money laundering after prosecutors showed he diverted customer funds from FTX to Alameda Research. He received a 25-year sentence. His pardon request remains pending according to Justice Department records. Bankman-Fried has exhausted appeals in federal courts.
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