Senate’s 100–0 Vote Rejects FTX Founder’s Pardon Bid
Why did the US Senate unanimously oppose the pardon of Sam Bankman-Fried, the founder of FTX?
How did the FTX collapse specifically impact investors and the crypto market?
What message is the US Congress and the White House sending to the crypto industry regarding future regulations?

- U.S. Senate unanimously passes bipartisan resolution rejecting presidential clemency for Sam Bankman-Fried.
- Nonbinding motion follows Bankman-Fried’s formal request for pardon and signals broad opposition from lawmakers.
On July 16, 2026, gallego.senate.gov reported the U.S. Senate’s 100–0 passage of S. Res. 772, formally opposing any executive clemency for convicted FTX founder Sam Bankman-Fried. The symbolic resolution declares that “under no circumstances” should the former FTX CEO receive a presidential pardon or commutation, directly responding to Bankman-Fried’s June clemency petition to the White House.
Senators Cynthia Lummis and Rubén Gallego introduced the measure, which earned bipartisan backing and reflected the Senate’s collective stance against granting any form of executive clemency for Bankman-Fried.
While the resolution does not restrict the president’s constitutional clemency powers, sponsors emphasized that it sends a clear message of bipartisan disapproval regarding a possible pardon or commutation in this high-profile case.
President Trump has stated he has “no intention” to pardon Bankman-Fried, who is serving a 25-year sentence for major financial fraud after the collapse of FTX.
According to gallego.senate.gov, the Senate’s action is strictly advisory, designed to express the legislative body’s position and adopted amid heightened public and political scrutiny following Bankman-Fried’s clemency request.
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