The US Senate has unanimously passed a resolution opposing clemency for Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, according to CoinTelegraph. This political move reflects strong bipartisan disapproval of Bankman-Fried’s potential pardon.
Prediction markets have also sharply diminished the likelihood of a presidential pardon from former President Trump, placing the odds below 1% by July 31, CoinTelegraph reported. The resolution adds formal political weight to this low probability.
For Japanese investors and traders, this development underscores ongoing regulatory and political scrutiny surrounding major crypto figures, which can influence global market sentiment and risk assessments in FX and equities linked to digital assets.