Ruben Gallego stories

Jul 16, 2026

U.S. Senate Unanimously Passes Resolution Opposing Clemency for FTX Founder Sam Bankman-Fried

The Senate approved a nonbinding resolution condemning efforts by Sam Bankman-Fried to secure presidential clemency following his 25-year sentence for fraud related to FTX's collapse. The resolution, introduced by Senators Cynthia Lummis and Ruben Gallego, passed through unanimous consent without objection.

Jul 16, 2026·4 sources

U.S. Senate Unanimously Passes Resolution Opposing Clemency for FTX Founder Sam Bankman-Fried

By unanimous consent, U.S. senators passed S. Res. 772 on July 16, 2026, a nonbinding resolution declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon or commutation. Led by Senators Cynthia Lummis and Ruben Gallego, the measure responded to Bankman-Fried's pending clemency petition.

Jul 16, 2026·6 sources

Apr 13, 2026

California Advances State AI Regulation Framework Despite Federal Opposition

California is pressing ahead with state-level AI regulation despite the Trump administration's efforts to challenge state AI laws through executive orders and a legal task force established in December 2025.

Apr 13, 2026·3 sources

Top claims

▪The collapse of FTX resulted in the loss of more than $8 billion in customer funds.
▪Sam Bankman-Fried was sentenced to 25 years in prison and is not eligible for release until approximately 2044.
▪The collapse of FTX was accelerated in November 2022 after CoinDesk reported that Alameda Research's assets consisted largely of FTT, a token created by FTX.

Topics

FTX collapse Crypto regulation Crypto fraud Crypto enforcement actions U.S. AI regulation AI regulation & lawsuits

State-level AI laws

AI governance

AI policy

Related entities

United States Congress

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