US senators file resolution to block SBF pardon or sentence reduction

A bipartisan group of U.S. senators has introduced a resolution opposing any pardon or sentence reduction for FTX founder Sam Bankman-Fried (SBF), Decrypt reported. The effort is led by lawmakers including Democrat Rubén Gallego and Republican Cynthia Lummis. The senators argued that SBF has shown no remorse for his crimes and dismissed his claims that the prosecution was a form of political persecution. SBF officially requested a pardon from U.S. President Donald Trump on June 8, and a U.S. appeals court rejected his appeal request on June 12. SBF has also reportedly mentioned plans to issue a new cryptocurrency after his release. Although Trump stated in January that he had no plans to pardon SBF, the senators appear to have introduced the resolution due to his history of pardoning other crypto-related figures, the outlet noted.