Sam 29. March 2025 ▪
3
min at reading ▪
It is a strong gesture that represents the first 100 days of Donald Trump’s second term at the head of the United States: the President officially awarded his presidential waiver to these three co-founders Crypto Bitmex Exchange platform-arthur Hayes, Benjamin Delo and Samuel Reed.
Donald Trump gives the founders of Bitmex the presidential pardon
Three crypto entrepreneurs who were convicted in 2022 for violating the Banking Classification Act recognized that they had neglected the implementation of effective money laundering systems (AML) and the identity of the customer (KYC). Bitmex was sanctioned in January 2025 with a fine of $ 100 million and submitted for two years.
Donald Trump’s decision to erase the history of these symbolic characters in the crypto sector is part of a wider strategy. The Republican President has barely returned to power and multiplied signals favorable to the industry of digital assets and broke a more restrictive approach to Biden Administration.
However, Sam Bankman-Fried, former CEO of FTX sentenced to 25 years in prison for fraud, remains imprisoned despite the challenges after the indulgence of his parents and his own approaches in this direction. He was even transferred to Catimini and placed in “isolation” after he made a shock revelation to Tucker Carlson. This disparity in Donald Trump’s decision raises questions about possible political motivations for these actions of Clemence.
Forgiveness that divides
This gesture already raises contrasting reactions. For cryptocurrency supporters, this is a clear signal for the political support of the sector entrepreneurs. Some consider this to be a desire to make the United States a global crypto center by releasing regulatory pressure on the replacement platform.
Detractors, however, condemn the form of impunity and emphasize that the violation of the founders Bitmex – Arthur Hayes, Benjamin Delo and Samuel Reed threatened the financial integrity of the system. This forgiveness of Donald Trump, albeit legal, could weaken the credibility of regulatory efforts in decentralized financing.
With this new grace Donald Trump confirms his desire to rehabilitate key characters in the crypto sector. After the release of Ross Ulbricht, the founder of Silk Road, is on a number of Bitmex designers to benefit from his mercy. Strong news for cryptocurrency placed in the heart of his political agenda.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.