A resolution led by Senators Cynthia Lummis and Ruben Gallego passed the U.S. Senate by unanimous consent, signaling bipartisan resistance to any executive clemency for former FTX chief Sam Bankman-Fried. Bankman-Fried was convicted on multiple fraud and conspiracy charges tied to the collapse of the FTX cryptocurrency exchange, which left creditors and customers facing billions in losses. The non-binding measure does not carry the force of law but registers formal congressional opposition to a potential presidential pardon or sentence commutation. The move reflects lawmakers' concern that leniency could undermine accountability in one of the largest fraud cases in the crypto industry's history. While the resolution cannot prevent a president from exercising clemency powers, its unanimous passage underscores broad political consensus that Bankman-Fried should serve his sentence in full.
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