US lawmakers from both parties jointly propose a resolution: Prohibit presidential pardon or sentence commutation for SBF

Odaily星球日报讯 U.S. Senators Rubén Gallego (Democrat, Arizona) and Cynthia Lummis (Republican, Wyoming) jointly introduced a bipartisan resolution calling on Congress to formally oppose any presidential pardon, commutation, or other form of federal clemency for FTX founder Sam Bankman-Fried under any circumstances. The two senators stated that SBF has completed the trial process in court and should not seek further leniency. Gallego described him as "unrepentant," while Lummis said he should bear the established responsibility rather than "chasing an undeserved pardon."

SBF was convicted by a jury in 2023 on seven counts of fraud and conspiracy related to the FTX collapse. In 2024, he was sentenced to 25 years in prison and ordered to forfeit approximately $11 billion in assets, with customer losses exceeding $8 billion. The case is considered one of the largest financial frauds in U.S. history.

This resolution also responds to his recent pardon application submitted to the U.S. Department of Justice. Although former President Trump has previously indicated no intention to grant him a pardon, some lawmakers remain concerned about political uncertainty in related procedures. Currently, prediction markets still place the probability of SBF receiving a pardon in the low single digits. (Decrypt)