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.
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.
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.
