Sponsors
11 Democrat
Ruben GallegoSenator · AZ
This Senate resolution expresses the formal opinion of the Senate that FTX co-founder Samuel Bankman-Fried should not receive any form of presidential clemency, including a pardon or commutation. It highlights the massive scale of the multi-billion-dollar FTX collapse, affirms the 25-year prison sentence delivered in 2024, and rejects attempts to characterize his prosecution as "lawfare." The resolution emphasizes that permanent accountability is essential to protect investors and maintain public confidence in financial markets.
While this resolution does not introduce new regulatory frameworks, compliance burdens, or legal definitions for digital assets, its passage carries symbolic importance for the cryptocurrency industry. The collapse of FTX in 2022 was a devastating blow to the industry's reputation, triggering a prolonged market downturn and intensifying hostile regulatory scrutiny. By taking a firm stand against executive clemency for Samuel Bankman-Fried, the Senate signals that large-scale financial fraud within the digital asset space will face permanent accountability, aligning with efforts to rebuild market trust and separate legitimate blockchain innovation from criminal activity.
Furthermore, the resolution rejects the narrative that the prosecution of the FTX founder was a form of selective political targeting. Instead, it affirms the legitimacy of the judicial process. This focus on individual criminal conduct, rather than treating the entire crypto sector as inherently fraudulent, helps clarify that the issues at FTX were rooted in traditional financial fraud—specifically, the misappropriation of customer funds—rather than the underlying technology itself. Consequently, the resolution maintains a neutral stance toward the broader crypto industry, avoiding new restrictive rules or surveillance burdens while reinforcing the rule of law.
Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.
1 Democrat

2 Republicans

