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U.S. lawmakers from both parties introduce joint resolution to pressure the administration: Ban a presidential pardon or commutation of SBF’s sentence
Svmuu News: U.S. Senators Rubén Gallego (D-AZ) and Cynthia Lummis (R-WY) have jointly introduced a bipartisan resolution calling on Congress to formally state that:opposing 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 his trial proceedings and should not seek further leniency. Gallego described him as “showing no remorse,” while Lummis said he should accept his established responsibilities rather than “chasing an unearned pardon.” SBF was found guilty by a jury in 2023 on seven counts of fraud and conspiracy in connection with the FTX collapse,and in 2024, he was sentenced to 25 years in prison and ordered to forfeit approximately $11 billion in assets, with client 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 submission of a pardon application to the U.S. Department of Justice.Although Donald Trump has previously stated it has no intention of granting him a pardon, some lawmakers remain concerned about political uncertainties surrounding the process. Currently, prediction markets still put the probability of SBF receiving a pardon in the low single digits. (Decrypt)
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