BlockBeats News, July 16th - On Wednesday, the U.S. Senate unanimously passed a resolution stating that FTX founder Sam Bankman-Fried should "in no circumstances" receive a presidential pardon or clemency.
This non-binding resolution was introduced jointly by the two leaders of the Senate Banking Committee's Digital Assets Subcommittee - Republican Senator Cynthia Lummis of Wyoming and Democratic Senator Ruben Gallego of Arizona. Lummis, a staunch supporter of the cryptocurrency industry in Congress, has been advocating for industry legislative frameworks for years, but in this case, she expressly advocated for SBF to remain in custody. Gallego's statement ended with four words: "Let him stay in jail." Under the current sentence, SBF can only apply for release around 2044.
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