U.S. Senate Unanimously Passes Resolution Opposing Administrative Pardon for Sam Bankman-Fried

OdailyOdaily Planet Daily News The U.S. Senate has passed a resolution opposing an administrative pardon for former FTX CEO Sam Bankman-Fried. The non-binding measure states that Bankman-Fried should not receive an administrative pardon and reaffirms the Senate's commitment to the rule of law and the integrity of the U.S. financial system.



The resolution was introduced by Senator Ruben Gallego on June 17, with Senator Cynthia Lummis as a co-sponsor, opposing any federal pardon for Bankman-Fried, including a presidential pardon or commutation of sentence. A simple Senate resolution does not require approval from the House of Representatives or the President and carries no legal force.



Bankman-Fried was sentenced to 25 years in federal prison in March 2024 on charges of fraud and conspiracy related to the collapse of FTX in 2022. Speculation intensified after he applied for a pardon from Donald Trump in June 2026, with Department of Justice records showing the request is pending.



Polymarket traders currently place the probability of Donald Trump pardoning Bankman-Fried before July 31 at less than 1%. The trading volume for this market exceeds $734,000.