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 DOj.
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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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