A resolution expressing the sense of the Senate that under no circumstances should Samuel Bankman-Fried receive executive clemency, including a pardon or commutation, and affirming the Senate's commitment to the rule of law and integrity of the United States financial system.
About This Bill
Passed
Latest Action · June 17, 2026
Referred to the Committee on the Judiciary. (text: CR S2896)
This resolution expresses the Senate's formal opposition to any presidential pardon, commutation, or other form of federal clemency for Samuel Bankman-Fried, the FTX cryptocurrency exchange founder convicted of massive financial fraud. It recounts his 2023 conviction on seven federal counts including wire fraud, securities fraud, and money laundering, along with his 2024 sentencing to 25 years in prison and an $11 billion forfeiture order after a scheme that cost customers, investors, and lenders over $11 billion combined. The resolution notes that Bankman-Fried has continued to claim innocence, has called his prosecution "lawfare," and formally applied for a presidential pardon in 2026, a request currently pending with the Department of Justice. As a non-binding resolution, it carries no legal force or funding implications but serves as a public statement urging that clemency be denied, defending the integrity of his trial and sentence, and reaffirming the Senate's broader commitment to holding financial fraudsters accountable. It primarily affects public and political discourse around the case rather than creating any new laws, programs, or deadlines.
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