US Senate unanimously passes resolution opposing SBF pardon

The U.S. Senate has unanimously passed a non-binding resolution stating that FTX founder Sam Bankman-Fried (SBF) should not receive a presidential pardon or have his sentence commuted, CoinDesk reported. Although U.S. President Donald Trump said in January that he had no plans to pardon SBF, speculation about the possibility arose after he previously pardoned Binance founder Changpeng Zhao and Silk Road founder Ross Ulbricht. SBF was convicted in November 2023 on seven charges related to the collapse of FTX, with damages estimated to be over $8 billion. The U.S. Department of Justice has described the case as one of the largest financial frauds in U.S. history.