The Second Circuit Court of Appeals issued its mandate on August 4, 2026, officially closing Sam Bankman-Fried's appeal and affirming his conviction and 25-year sentence for fraud and conspiracy related to the collapse of FTX. A Supreme Court petition remains his only remaining legal option.
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.
FTX founder Sam Bankman-Fried has officially submitted a clemency petition to the White House via the Justice Department's Pardon Attorney's Office, despite President Trump previously stating he does not intend to grant the pardon. Bankman-Fried is currently serving a 25-year sentence.
The U.S. Treasury Department announced it will include cryptocurrency firms in its cybersecurity threat intelligence sharing program, previously limited to traditional financial institutions. The move reflects increased frequency and sophistication of attacks targeting digital asset platforms.
