The nonbinding resolution passed without objection after Bankman-Fried asked for clemency, months after Trump pardoned other major crypto figures, including Changpeng Zhao and Ross Ulbricht.
- The Senate unanimously approved a resolution declaring that FTX founder Sam Bankman-Fried should under no circumstances receive a presidential pardon or commutation.
- The bipartisan measure, led by Senators Cynthia Lummis of Wyoming and Ruben Gallego of Arizona, underscores lawmakers’ view of Bankman-Fried’s role in what prosecutors called one of the largest financial frauds in U.S. history.
- Bankman-Fried, convicted in 2023 on seven counts related to FTX’s collapse and the loss of more than $8 billion in customer funds, is not eligible for release until around 2044, and former President Donald Trump has said he has no plans to pardon him.
Newsletters
- 1 Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends 11 hours ago
- 2 Block's new voice AI sounds eerily human, sparking awe and scam fears 12 hours ago
- 3 Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations 12 hours ago
- 4 Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker 12 hours ago
- 5 Argentina drops criminal probe into President Milei over crashed memecoin LIBRA 13 hours ago
- 6 Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan 13 hours ago
- 7 Bitcoin’s wealthy holders turning to loans and yield as investment habits mature: Xapo CEO 13 hours ago
- 8 U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO 15 hours ago
- 9 Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet 23 hours ago
- 10 Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports 1 day ago
Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO
Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest