Market News
Trump pardons BitMEX co-founders, White House official says - REUTERS
March 28 (Reuters) - U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday.
In addition, former employee Gregory Dwyer and an entity owning and operating the crypto exchange received full and unconditional pardons, BitMEX confirmed in an emailed statement to Reuters.
CNBC was the first to report that on Thursday, Trump granted pardons to co-founders Benjamin Delo, Arthur Hayes and Samuel Reed, who had pleaded guilty in 2022 to violating the Bank Secrecy Act, for failing to maintain anti-money laundering and know-your-customer programs.
The pardons come at a time of optimism in the crypto industry about looser regulation under Trump, who courted crypto donors during his campaign and promised support.
