The post BitMEX Co-Founder Arthur Hayes Granted US Presidential Pardon appeared on BitcoinEthereumNews.com.

United States President Donald Trump has granted BitMEX co-founder Arthur Hayes a full pardon. The unexpected Presidential pardon was also extended to Samuel Reed and Benjamin Delo, who pleaded guilty to violating the Bank Secrecy Act (BSA). The Unexpected BitMEX Co-Founders’ Pardon This Presidential pardon is the second high-profile move in the cryptocurrency industry since President Trump was inaugurated. Earlier, they granted unconditional Pardon to Ross Ulbricht, the founder of the Silk Road marketplace. The pardon of Arthur Hayes and other executives was previously not anticipated in the industry. Notably, the trio have settled their money laundering cases with US regulators, leaving them with no major legal obligations. This pardon comes about three months after BitMEX settled its case with the US Department of Justice (DoJ). In July 2024, as reported by CoinGape, BitMEX pleaded guilty to violating the BSA as regulators flagged email-only registration requirements. Many believed the BitMEX executives had paid their penance when they pleaded guilty to the charges. The trio paid a total of $30 million in fines and received different-duration incarceration sentences. Beyond BitMEX: Positive Shift Under President Donald Trump Based on current trends, cryptocurrency regulations in the US are taking a new turn. This is evident from the current actions of key regulators like the US SEC, which show a less stifling crypto regulatory stance.  A recent example of the pivot is the SEC’s decision to drop charges against Hailey Welch, known as the Hawk Tuah Girl, after investigating the controversial $HAWK token.  The security oversight had previously launched a probe into the token’s rise and collapse, but after months of scrutiny, Welch is now cleared of any wrongdoing. This decision marks a shift from the enforcement-heavy tactics of previous years. Instead of punishing individuals without solid evidence, the SEC’s conclusion suggests a move…

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Filed under: News - @ March 29, 2025 6:13 am