The post Senator Kennedy Advocates for SEC Accountability Amid Speculation on Potential SBF Pardon appeared on BitcoinEthereumNews.com.

In a heated Senate Banking Committee hearing, US Senator John Kennedy urged action against any potential pardons for former FTX CEO Sam Bankman-Fried, advocating for equal legal standards. Kennedy’s demands reflect growing public scrutiny of the SEC’s actions, especially in high-profile cases that could undermine investor trust in the regulatory framework. “There should not be two standards of law and punishment for people in America,” Kennedy asserted, emphasizing the need for accountability within the SEC. Senator Kennedy pushes for transparency and accountability in the SEC regarding potential pardons for SBF while emphasizing equal legal treatment in the financial sector. Presidential Pardon for SBF: Unlikely Scenario Amidst Controversy As discussions surrounding Sam Bankman-Fried’s potential pardon escalate, legal experts and analysts are evaluating the implications of such an event on the already strained cryptocurrency market. SBF is perceived as a controversial figure primarily due to his association with FTX, which collapsed following significant financial misconduct. The legal complexities surrounding his case raise questions about future regulatory actions and investor confidence within the crypto sector. Implications of a Pardon: Differentiating Factors from Past Cases William Livolsi, executive director of the White Collar Support Group, highlights critical differences that make a pardon for SBF unlikely. Unlike Ross Ulbricht, whose Silk Road operations were centered on non-violent, victimless crimes, SBF’s actions resulted in massive financial losses for thousands of investors. Livolsi states that Ulbricht’s case was backed by a promise from then-candidate Trump, whereas SBF lacks similar political backing, making a pardon improbable. SEC’s Role Under Scrutiny: Calls for Transparency and Accountability Senator Kennedy’s scathing remarks directed at the SEC highlight mounting frustrations with the commission’s handling of the high-profile case. His call for transparency indicates a desire for the SEC to act decisively to reassure the public and protect investor interests. The Senator emphasized…

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Filed under: News - @ March 27, 2025 11:22 pm