Senators Introduce Bipartisan Resolution Opposing SBF Pardon

Senators Ruben Gallego and Cynthia Lummis have introduced a bipartisan resolution opposing any pardon or clemency for Sam Bankman-Fried, the convicted founder of FTX. The resolution is intended to put the Senate formally on record that Bankman-Fried should not receive clemency under any circumstances.

The move matters because FTX remains one of the defining fraud cases in the crypto industry. A bipartisan statement against clemency signals that lawmakers from both parties continue to view the collapse of FTX as a serious breach of trust with lasting consequences for the sector.

Bankman-Fried was convicted over the fraud tied to FTX, once one of the most prominent crypto exchanges. The resolution does not change his sentence by itself, but it creates a public political marker around how senators believe the case should be treated.

For crypto companies and market participants, the resolution underscores that the political fallout from FTX has not faded. Lawmakers are still using the case as a reference point in debates over accountability, investor protection, and the credibility of the digital asset industry.

The proposal also reflects a rare bipartisan alignment in a policy area that often divides Congress. Gallego and Lummis are seeking to make clear that, regardless of broader disagreements over crypto regulation, clemency for Bankman-Fried should not be on the table.