On March 28, 2025, President Trump granted pardons to the three co-founders of the cryptocurrency exchange BitMEX—Arthur Hayes, Benjamin Delo, and Samuel Reed. This decision follows their guilty pleas in 2022 for violating the Bank Secrecy Act by failing to implement an anti-money laundering program. Each founder had agreed to pay a significant fine of $10 million as part of the settlement for their charges. This pardon adds another chapter to the ongoing narrative surrounding regulatory compliance within the cryptocurrency space, particularly as the industry continues to grapple with legislation and enforcement actions related to anti-money laundering practices.
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