The former FTX CEO is currently serving a 25-year sentence after being found guilty on seven felony charges related to the misuse of customer funds.<\/p>\n
Two US lawmakers on opposite sides of the political aisle are backing a resolution that \u201cunder no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.\u201d<\/p>\n
In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis and Democratic Senator Rub\u00e9n Gallego warned that should US President Donald Trump grant SBF\u2019s request for a pardon, it would \u201cerase [his] conviction […] weaken deterrence, and send a deeply damaging message that perpetrators of large-scale financial fraud can escape permanent accountability.\u201d The resolution would be non-binding, as a US president\u2019s pardon power is enshrined in the Constitution.<\/p>\n
\u201c[The US Senate] affirms that the 25-year sentence imposed upon Bankman-Fried reflects the extraordinary scale and deliberateness of his crimes, his lack of remorse, and the catastrophic harm inflicted upon millions of victims, and that such a sentence serves the interests of justice,\u201d read the resolution.<\/p>\n