Donald Trump has officially granted a pardon to the three co-founders of the crypto exchange BitMEX — Arthur Hayes, Benjamin Delo, and Samuel Reed. This event is part of the president’s strategy to support digital assets.
Trump's Decision and Its Significance
In 2022, BitMEX founders were convicted for violating the Bank Secrecy Act. Trump’s decision to pardon them demonstrates support for the crypto industry, diverging from the previous Biden administration's cautious approach. This decision prompts discussions about potential political motivations.
Reactions to the Pardon
The pardon has provoked mixed reactions. Cryptocurrency supporters see it as support for industry entrepreneurs and a move to make the United States a global crypto hub. Critics point to the risk of undermining the financial system by allowing impunity for the offenses committed by BitMEX founders.
Impact on the Crypto Industry
With this new pardon, Trump continues the rehabilitation of key figures in the crypto industry. He had previously pardoned Ross Ulbricht, founder of Silk Road. These actions highlight the significance of the crypto economy in his political agenda.
The pardon of the BitMEX founders reinforces Trump's position as a supporter of the crypto industry, setting up the USA to potentially become a global cryptocurrency center.
