U.S. Senator Responds to SBF's Plea for Clemency: If the CLARITY Act Applies, the Sentence Could Exceed 25 Years

Odaily Planet Daily reports that SBF posted on X claiming the CLARITY Act will be a significant milestone in the history of cryptocurrency development and a major achievement for Trump. U.S. Senator Cynthia Lummis responded, saying SBF is seeking a pardon but doesn’t realize that the CLARITY Act could result in a sentence far exceeding 25 years. She emphasized that her legislative proposal is completely different from the bill SBF tried to buy from Congress in 2022 and clearly stated, “We neither need nor want SBF’s support.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tennessee Becomes Second State to Ban Crypto ATMs Statewide, Imposing Misdemeanor Penalties

Gate News message, April 24 — Tennessee has become the second U.S. state to impose a statewide ban on crypto ATMs, making it a misdemeanor to operate or host the machines anywhere in the state. Gov. Bill Lee signed House Bill 2505 into law on April 13 after it passed both chambers unanimously. The l

GateNews2h ago

U.S. Treasury Freezes $344 Million in Iran-Linked Cryptocurrency

Gate News message, April 24 — The U.S. Treasury Department, led by Secretary Scott Bessent, has sanctioned multiple wallets linked to Iran and announced the freezing of $344 million in cryptocurrency across two addresses. Tether assisted the U.S. government in executing the freeze, while Chainalysis

GateNews2h ago

Crypto Advocacy Groups Submit Joint Letter to SEC Requesting Formal DeFi Rulemaking

Gate News message, April 24 — The DeFi Education Fund and other crypto advocacy organizations, including the Chamber of Digital Commerce, submitted a joint letter to the U.S. Securities and Exchange Commission (SEC) on April 24, requesting the agency to launch a formal DeFi rulemaking process

GateNews3h ago

DOJ Drops Criminal Probe into Fed Chair Powell, Clearing Path for Crypto-Friendly Kevin Warsh

Gate News message, April 24 — The U.S. Department of Justice has closed its criminal investigation into Federal Reserve Chair Jerome Powell, removing a major obstacle to Senate confirmation of incoming Fed chair Kevin Warsh. U.S. Attorney for the District of Columbia Jeanine Pirro announced the deci

GateNews4h ago

DOJ Drops Criminal Investigation Into Fed Chair Powell, Clearing Path for Crypto-Friendly Kevin Warsh

Gate News message, April 24 — The U.S. Department of Justice has closed its criminal investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Senate confirmation of incoming Fed chair Kevin Warsh. U.S. Attorney for the District of Columbia Jeanine Pirro announced the closur

GateNews5h ago

GOP Leaders Press Commerce Secretary Lutnick Over Crypto PAC's $1.75M Texas Political Spend

Gate News message, April 24 — Senior Republican officials contacted Commerce Secretary Howard Lutnick this week after Fellowship PAC, a crypto super PAC seeded by Cantor Fitzgerald (the firm Lutnick previously ran), signaled in a federal filing that it planned to spend $1.75 million backing Texas

GateNews8h ago
Comment
0/400
No comments