Bankman-Fried’s CLARITY Act Court Jester: Senator Lummis Isn’t Laughing!

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Sam Bankman‑Fried, the erstwhile colossus of the FTX empire now reduced to a loony‑ball who still believes in the charm of himself, has been thumb‑slapping at the idea of a fresh retrial in New York. The 25‑year sentence he was handed after the 2022 implosion is playing the same old tune in his grandstand of thoughts.

His vociferous pleas come amid rumours that he is polishing a presidential pardon, much like a silverware servant polishing a tarnished silver platter. The speculation was further flung into the air by the giddy fact that former Binance chief Zhao, aka CZ, had a pardon tucked under his executive jacket last year thanks to President Trump.

Bankman‑Fried Praises the CLARITY Act

Today, the FTX founder posted on X-Twitter’s less merry cousin-decrying the proposed CLARITY Act as the pinnacle of crypto policy and a “huge achievement” for Trump. He applauded, with the enthusiasm of a schoolboy who’d seen his first brass ring, the bill that would supposedly set the industry free from SEC oversight.

In a show of longstanding affection for all things deregulation, he complained that the former SEC Chair Gary Gensler had been a “little helpful” to the book‐keeping crowd at the DOJ who had handwritten a neat little dossier on him.

Bankman‑Fried even mentioned a letter from the House Financial Services Committee, signed by Chairman Patrick McHenry, that begged for a parade of documents from the SEC and the DOJ. Of course, it was all to determine when charges were filed and the timing of his own arrest-an oblique hint at a rendezvous with the Committee before a childhood tutor could secure a testimony.

Lummis Dismisses Pardon Talks

Senator Cynthia Lummis, grandmother of the crypto camp and the person whose smile has been perpetually polished by the Trump mercantile mythos, fired back with her own brand of famously sarcastic bulletin. “Someone’s looking for a pardon and doesn’t realize the Clarity Act would have you locked up for much longer than 25 years,” she warned, as if proclaiming some sort of invisible guardianship.

She added that her own crisply drafted legislation could not be “more different” from the bill he had tried to buy from Congress in 2022 by the smears of her objection. “We do not need-or want-your support,” she signed off, sounding like a gleefully righteous organ‑walled diplomat.

The comments were echoed by the internet, where a user-eager to pad his wallet-pointed out that the CLARITY Act introduces harsher penalties for crypto fraud, mistreatments of customer assets, and even interprets certain offences as aggravated financial crimes to rib an extra set of years on stubby sentences. In a brief, enthusiastic note, the user wrote, “Please get it passed!!” as if shouting across a battlefield.

The bill, ominously referred to as the broader crypto market structure smack‑talk, remains on hold while bankers and digital asset bon vivants get ready for another white‑hall negotiation on Friday. They’re expected to negotiate stablecoins, DeFi provisions, and ethics measures that have had earlier drafts as crinkly as a knotted contract.

Progress appears to be inching forward, because the growingly-adolescent President’s Council of Advisors for Digital Assets, led by Patrick Witt, has been the likely fresh-faced speaker. “We’re close,” he declared to a room full of pall‑minded officials. “If both sides keep playing straight‑forward, we can still meet the March 1 deadline.” So long as the ledger stays balanced, the fête may continue.

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2026-02-27 10:11