A bipartisan resolution presses Congress to reject any pardon, commutation or other federal relief for Sam Bankman-Fried after his fraud conviction and 25-year sentence.
Senators Rubén Gallego and Cynthia Lummis introduced a bipartisan resolution urging Congress to oppose any presidential pardon, commutation or other federal relief for FTX founder Sam Bankman-Fried. Bankman-Fried was convicted in 2023 on seven fraud and conspiracy counts and was sentenced in 2024 to 25 years. The case involved about $11 billion in forfeitures and customer losses exceeding $8 billion, keeping the FTX collapse at the center of political and regulatory scrutiny around the crypto sector.