Senators urge Trump to deny SBF pardon after fraud conviction

Senators urge President Trump not to pardon Sam Bankman-Fried, citing his conviction for large-scale fraud and lack of remorse. The resolution follows his failed appeal and formal clemency request.

A bipartisan group of senators, including Cynthia Lummis and Ruben Gallego, has introduced a resolution urging President Trump not to grant any form of clemency—pardon, commutation, or otherwise—to Sam Bankman-Fried, the former FTX CEO convicted of large-scale fraud. This resolution follows Bankman-Fried’s formal petition for a pardon and the recent federal appeals court decision upholding his 25-year sentence. The senators argue that Bankman-Fried has shown no remorse for defrauding millions of Americans and continues to claim political persecution, despite overwhelming evidence and a unanimous jury conviction. Lawmakers emphasize that the legal process has been thorough and that accountability, not clemency, is necessary. The move comes amid ongoing debates over crypto regulation and after Trump previously pardoned other figures in the crypto industry.