Senate Unanimously Rejects SBF Clemency as Bankman-Fried Serves 25-Year Sentence

According to Senate Press Gallery, senators Cynthia Lummis and Ruben Gallego secured unanimous Senate approval on Wednesday for a resolution declaring that former FTX CEO Sam Bankman-Fried should not receive executive clemency, including presidential pardon or commutation. The bipartisan resolution affirms the Senate's commitment to the rule of law and the integrity of the U.S. financial system. Bankman-Fried was convicted on seven criminal counts in November 2023 related to FTX's collapse and sentenced to 25 years in prison, with American customers losing over $8 billion.
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