President Donald Trump has issued a pardon to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, as well as former employee Gregory Dwyer, clearing their legal records.
The co-founders had previously pleaded guilty in 2022 to violating the Bank Secrecy Act for inadequate anti-money laundering measures in the cryptocurrency industry.
This pardon is seen as a significant moment for the crypto industry and demonstrates Trump's growing support for Web3.
The BitMEX co-founders faced charges in 2020 for failing to implement proper KYC and anti-money laundering protocols, resulting in fines and probation sentences.