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.
CNBC was the first to report earlier in the day that on
Thursday, Trump granted pardons to Benjamin Delo, Arthur Hayes
and Samuel Reed, who had pled guilty to money-laundering
charges.
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.
Prosecutors accused BitMEX and founders Delo, Hayes and Reed
of willfully violating the Bank Secrecy Act between 2015 and
2020 by failing to adopt anti-money-laundering and "know your
customer" programs, Reuters reported in January.
BitMEX did not immediately respond to a Reuters request for
comment.
The president has also pardoned Trevor Milton, founder of
bankrupt electric and hydrogen-powered truckmaker Nikola ( NKLAQ )
, who was convicted of fraud.