Senators Cynthia Lummis and Ruben Gallego have introduced a bipartisan resolution formally opposing any presidential clemency for former FTX founder Sam Bankman-Fried. The measure declares that under no circumstances should the convicted fraudster receive executive pardon while serving his 25-year sentence.
Although non-binding, the resolution serves as a definitive statement from Congress. Lawmakers explicitly rejected claims that the prosecution was politically motivated, reaffirming support for the judicial process that resulted in seven fraud convictions tied to the catastrophic collapse of FTX.
The filing comes after Bankman-Fried submitted a formal clemency application to the Department of Justice. Both senators emphasized that the defendant has shown no remorse and must face the full consequences of orchestrating one of the largest financial frauds in recent history.
This bipartisan opposition is particularly significant given Senator Lummis’s established record as a digital asset advocate. Her participation draws a sharp distinction between supporting blockchain innovation and tolerating criminal misconduct within the sector.
President Trump has previously indicated he does not plan to offer clemency. With prediction markets showing minimal probability of a pardon and unified Senate opposition, prospects for early release appear negligible.