Trump Pardons BitMEX Founders: Crypto Industry Reacts

President Trump has issued pardons to the co-founders of BitMEX, Arthur Hayes, Benjamin Delo, and Samuel Reed, alongside Gregory Dwyer, amidst regulatory controversies in the U.S. These pardons remove legal penalties for BitMEX’s past actions, signaling potential changes to cryptocurrency regulations and generating a range of reactions from industry stakeholders and legal experts. BitMEX co-founders secured these pardons following a $100 million fine levied over regulatory violations. They claim the pardon reflects vindication against legal charges they deem unjust under outdated laws. The pardons effectively nullify the legal consequences BitMEX faced. Arthur Hayes, Benjamin Delo, and Samuel Reed, along with Gregory Dwyer, all publicly acknowledged their support for these pardons, emphasizing a sense of relief from legal repercussions and paving the way for future endeavors.