financetom
Business
financetom
/
Business
/
Trump pardoned BitMEX co-founders, White House official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump pardoned BitMEX co-founders, White House official says
Mar 28, 2025 2:10 PM

(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, who was convicted of fraud.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved