Svmuu News: The U.S. Senate has passed a resolution opposing an executive pardon for former FTX CEO Sam Bankman-Fried. The non-binding measure states that Bankman-Fried should not receive an executive pardon and reaffirms the Senate’s commitment to the rule of law and the integrity of the U.S. financial system.
The resolution, introduced by Senator Ruben Gallego on June 17 and co-sponsored by Senator Cynthia Lummis, opposes any federal pardon for Bankman-Fried, including a presidential pardon or commutation. A simple Senate resolution does not require approval from the House of Representatives or the president and has no legal effect.
Bankman-Fried was sentenced to 25 years in federal prison in March 2024 on charges of fraud and conspiracy related to the 2022 FTX collapse. Speculation has intensified after he applied for a pardon from Donald Trump in June 2026; Department of Justice records show the request is pending.
Polymarket traders currently estimate the probability of Donald Trump pardoning Bankman-Fried before July 31 to be less than 1%. Trading volume on that market exceeds $734,000.