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    Home»Bitcoin»Trump Pardons Bitcoin Billionaire Arthur Hayes, Fellow BitMEX Founders – Decrypt
    Trump Pardons Bitcoin Billionaire Arthur Hayes, Fellow BitMEX Founders – Decrypt
    Bitcoin

    Trump Pardons Bitcoin Billionaire Arthur Hayes, Fellow BitMEX Founders – Decrypt

    By Crypto EditorMarch 29, 2025No Comments2 Mins Read
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    Trump Pardons Bitcoin Billionaire Arthur Hayes, Fellow BitMEX Founders – Decrypt

    Three co-founders of cryptocurrency alternate BitMEX—Arthur Hayes, Benjamin Delo, and Samuel Reed—have been pardoned by President Trump on Friday, in keeping with a report from CNBC.

    All three founders pled responsible in 2022 to violations of the Financial institution Secrecy Act for failing to function an anti-money laundering program on the cryptocurrency alternate. Every founder additionally agreed to pay a $10 million wonderful to settle the costs.

    “Thanks,” Hayes posted on X Friday afternoon, tagging the official President of the US account.

    Decrypt couldn’t instantly attain BitMEX’s founders, and BitMEX didn’t instantly reply to questions.

    Most not too long ago, in January, Manhattan federal decide Decide John G. Koeltl ordered the alternate to pay $100 million to settle violations that came about between 2015 and 2020. The alternate stated it was proud of the end result.

    Regulators alleged initially that BitMEX had allowed U.S. shoppers to make use of its alternate with out verifying their identities.

    In 2021, BitMEX paid $100 million in civil penalties after the U.S. Monetary Crimes Enforcement Community, or FinCEN, alleged that the alternate’s senior management “altered U.S. buyer info to cover the client’s true location.”

    President Trump campaigned with a pro-business agenda, and spoke regularly concerning the tech and crypto spheres—even as soon as attending a Bitcoin convention.

    A variety of high crypto corporations have had expenses in opposition to them or investigations dropped for the reason that new commander in chief took workplace, and crypto-friendly regulators have taken positions within the Trump Administration and at monetary watchdogs.

    Editor’s be aware: This story was up to date after publication with extra particulars.

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