{"id":74182,"date":"2026-02-27T07:01:31","date_gmt":"2026-02-27T07:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=74182"},"modified":"2026-02-27T07:01:31","modified_gmt":"2026-02-27T07:01:31","slug":"sen-lummis-rebukes-sam-bankman-fried-says-clarity-act-would-mean-longer-sentence","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=74182","title":{"rendered":"Sen. Lummis Rebukes Sam Bankman-Fried, Says CLARITY Act Would Mean Longer Sentence"},"content":{"rendered":"
\n

Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto exchange FTX, has in recent months repeatedly called for a retrial in New York, where he was sentenced to 25 years in prison following the company\u2019s 2022 downfall.<\/p>\n

His renewed public statements have coincided with growing online speculation that he could seek a presidential pardon, particularly after former Binance CEO Changpeng Zhao (CZ) was pardoned <\/a>last year by President Donald Trump.<\/p>\n

Sam Bankman-Fried Praises CLARITY Act<\/h2>\n

The speculation intensified this week after Sam Bankman-Fried posted on X, formerly Twitter, praising the proposed CLARITY Act. In his message<\/a>, he described the bill as a major milestone for the crypto industry and \u201ca huge achievement\u201d for President Trump.\u00a0<\/p>\n

He added that he had supported similar efforts in the past to remove oversight of digital assets from former Securities and Exchange Commission (SEC) Chair Gary Gensler, claiming that Gensler had assisted the Biden administration\u2019s Department of Justice (DOJ) in bringing charges against him.<\/p>\n

In the same post, Sam Bankman-Fried referenced a letter from the House Financial Services Committee. The document<\/a>, signed by Chairman Patrick McHenry, called on the SEC to provide records and communications involving the agency\u2019s Division of Enforcement, the Office of the Chair and the DOJ.\u00a0<\/p>\n

The lawmakers sought information about the timing of charges filed against Sam Bankman-Fried and his arrest, which occurred shortly before he was scheduled to testify before the House Financial Services Committee.<\/p>\n

Senator Cynthia Lummis, a prominent supporter of digital assets closely aligned with President Trump\u2019s crypto policy agenda<\/a>, responded sharply to Bankman-Fried\u2019s remarks. Writing on Thursday, she suggested that his praise for the CLARITY Act was self-serving.\u00a0<\/p>\n

Lummis Dismisses Pardon Talks<\/h2>\n

\u201cSomeone\u2019s looking for a pardon and doesn\u2019t realize the Clarity Act would have you locked up for much longer than 25 years,\u201d the Senator said in her remarks.\u00a0<\/p>\n

Lummis further distanced her proposal from any prior legislative efforts associated with Sam Bankman-Fried, stating<\/a>, \u201cMy legislation couldn\u2019t be more different than the bill you tried to buy from Congress over my objection in 2022. We do not need\u2014nor want\u2014your support.\u201d<\/p>\n

Her comments were echoed by some social media users, including one who pointed out that the CLARITY Act includes tougher criminal penalties for fraud, misrepresentation and misuse of customer assets when digital assets are involved.\u00a0<\/p>\n

According to that interpretation, certain crypto-related offenses would be treated as aggravated financial crimes, adding additional years to standard wire fraud sentences. \u201cPlease get it passed!!\u201d the user wrote <\/a>in response to Lummis\u2019 remarks.<\/p>\n

The CLARITY Act, also known as the broader crypto market structure bill, remains under negotiation. It is currently on hold as representatives from the banking and crypto sectors prepare for another meeting at the White House scheduled for Friday.\u00a0<\/p>\n

The talks are expected <\/a>to focus on unresolved issues, including stablecoin rewards programs, decentralized finance (DeFi) provisions and ethics-related measures that have complicated earlier drafts.<\/p>\n

Industry participants and administration officials have indicated that progress is being made. Patrick Witt, Executive Director of the President\u2019s Council of Advisors for Digital Assets, described last week\u2019s discussions as \u201ca big step forward.\u201d\u00a0<\/p>\n

In a public message, Witt wrote<\/a>, \u201cWe\u2019re close,\u201d adding that if both sides continue negotiating in good faith, he believes the administration\u2019s March 1 deadline can still be met.<\/p>\n

\"Sam<\/p>\n

Featured image from Fortune, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto exchange FTX, has in recent months repeatedly called for a retrial in New York, where he was sentenced to 25 years in prison following the company\u2019s 2022 downfall. His renewed public statements have coincided with growing online speculation that he could seek a presidential pardon, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-74182","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74182"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74182\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}