- The US Senate unanimously adopted a nonbinding resolution opposing executive clemency for former FTX CEO Sam Bankman-Fried
- S. Res. 772 cannot block a presidential pardon but reflects bipartisan opposition after Bankman-Fried sought clemency from President Trump
- Bankman-Fried is serving a 25-year sentence for fraud and conspiracy charges tied to FTX’s 2022 collapse
- Prediction markets assign less than a 1% chance that Trump will pardon Bankman-Fried by July 31
The US Senate unanimously adopted a resolution opposing executive clemency for former FTX CEO Sam Bankman-Fried, the convicted crypto executive behind one of the industry’s largest collapses. The Senate agreed by unanimous consent to S. Res. 772, a nonbinding measure stating that Bankman-Fried should not receive executive clemency, according to a Senate Press Gallery post.
The resolution affirms the Senate’s commitment to the rule of law and the integrity of the US financial system following Bankman-Fried’s conviction on fraud and conspiracy charges. The measure cannot block a presidential pardon but reflects bipartisan Senate opposition after Bankman-Fried sought executive clemency from President Donald Trump.
Introduced on June 17 by Sen. Ruben Gallego with Sen. Cynthia Lummis as a cosponsor, S. Res. 772 opposes any form of federal clemency for Bankman-Fried. Unlike legislation, a simple Senate resolution does not require approval from the House or the president and does not have the force of law, according to the Senate’s “Types of Legislation” guide.
Sen. Bernie Moreno (R-Ohio) joined as a cosponsor on Tuesday, adding Republican support to the bipartisan measure. Bankman-Fried was sentenced to 25 years in federal prison in March 2024 after being convicted of fraud and conspiracy charges linked to FTX’s collapse in 2022.
Speculation about a possible presidential pardon grew after Bankman-Fried applied for clemency from Trump in June 2026, with the request listed as pending in Department of Justice records. On Polymarket, traders currently assign less than a 1% chance that Trump will pardon Bankman-Fried by July 31, with the market attracting more than $734,000 in trading volume.
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