Senate Rejects Pardon for Sam Bankman-Fried | Bitcoin and Crypto News

The Senate just shut the door on any presidential pardon for Sam Bankman-Fried, unanimously rejecting clemency in a move that underscores how seriously lawmakers view his role in the FTX collapse — a fraud that wiped out $8 billion in customer funds. Convicted on seven counts and facing a 2044 release, Bankman-Fried’s fate is now sealed, even as former President Trump confirms no pardon is coming. Senators Lummis and Gallego led the charge, with Lummis — a crypto industry ally — signaling that even within the sector, trust was shattered. For countless victims who lost life savings, this vote is a powerful rebuke to betrayal and a firm message: accountability will not be softened by politics. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b3be6f14ccdda874