President Trump Clears Bitmex Founders’ Money Laundering Convictions – Crypto News Bitcoin News

On March 28, 2025, President Donald Trump pardoned the three co-founders of the cryptocurrency exchange BitMEX—Arthur Hayes, Benjamin Delo, and Samuel Reed—who had previously pleaded guilty to money laundering charges and violations of the Bank Secrecy Act in 2022. The pardons were reported by multiple sources, including Bitcoin News, and mark a significant development in the crypto industry. The BitMEX founders had faced legal consequences for failing to implement adequate anti-money laundering (AML) and know-your-customer (KYC) programs between 2015 and 2020, leading to a $100 million fine for the exchange in January 2025. This move by Trump aligns with his pro-crypto stance, as evidenced by his recent actions like establishing a strategic Bitcoin reserve, and has sparked varied reactions, from surprise and support to speculation about its implications for the cryptocurrency landscape. Show Less