TechFlow news, July 16. According to CoinDesk reports, the U.S. Senate passed a non-binding resolution unanimously on July 16 local time, explicitly stating that FTX founder Sam Bankman-Fried (SBF) should not receive a presidential pardon or commutation "under any circumstances". The resolution was jointly promoted by Republican Cynthia Lummis and Democrat Ruben Gallego of the Senate Banking Committee's Subcommittee on Digital Assets. SBF was found guilty on seven counts by a jury in November 2023, involving the FTX collapse incident, with over $8 billion in U.S. customer funds lost, and is expected to be released no earlier than 2044. Previously, President Trump had pardoned Binance founder Changpeng Zhao and Silk Road founder Ross Ulbricht, but stated no intention to pardon SBF.
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