Login
Sign Up
Woofun AI reports that the U.S. Senate has passed a resolution opposing any administrative pardon for former FTX CEO Sam Bankman-Fried. Introduced by Senator Ruben Gallego on June 17 with Senator Cynthia Lummis as a co-sponsor, the measure reaffirms the Senate's commitment to the rule of law and the integrity of the U.S. financial system. As a simple Senate resolution, it requires no approval from the House or the President and carries no legal force.
Bankman-Fried received a 25-year federal prison sentence in March 2024 for fraud and conspiracy related to the 2022 collapse of FTX. Speculation regarding his fate intensified after he applied for a pardon from Donald Trump in June 2026, with Department of Justice records indicating the request remains pending.
Meanwhile, Polymarket traders assign less than a 1% probability to Trump pardoning Bankman-Fried before July 31, with trading volume for this market exceeding $734,000.