US President Donald Trump gave the presidential amnesty to the three founders of the Crypto Bitmex exchange after a lengthy legal disaster with the US Department of Justice (Doj). Bitmex and its founders were convicted of violating the banking confidentiality law.
The United States government in exchange for a portion
In 2020, the Ministry of Justice accused BitMex of managing the encryption trading platform that failed to implement anti -money laundering measures (and thus violating the bank’s secret law. According to the US public prosecutors, Bitmex has intentionally requested business from American markets that only require users to provide an email instead of doing your basic knowledge.
In 2022, Arthur Hayes, Benjamin Dello, and Samuel Reed, who started together in a beast in 2014 pledged on charges of the Ministry of Justice. All parties, including Gregory DWYER, who served as head of business development and was facing similar fees to serve the test lengths and pay a total fine of more than $ 30 million.
Two years later, Bitmex pledged as a guilt company on the charge of violating the banking secrecy law and obtained a two -year monitoring penalty and a fine of $ 100 million. However, according to Local media Usa ToysPresident Trump forgave all the four defendants in this case announced all condemnation and penalties.
In response to Trump, Hayes moved to the X social media platform to publish “Thank you.” Meanwhile, Benjamin Dello was said to have issued a statement calling for a point of innocence since the beginning of the case in 2020.
Delo said:
This complete and unconditional pardon by President Trump is a justification for the situation that we have always occupied-this small point, the founders, and I should not be accused of criminal crime through a mysterious and old law.
The Trump train is moving in favor of profit
The last pardon of the Bitmex founder adds to the list of friendly procedures for encryption by the Trump administration after the opening in January. In addition to Hayes and his colleagues, the American President also pardoned the founder of Silk Ross Olbrecht Street, who was imprisoned for more than 11 years, spent a life imprisonment in addition to 40 years without the option of conditional release.
Under Trump’s pro -Crocho policy, the US Securities and Stock Exchange Committee (SEC) has also suspended enforcement procedures against encryption companies including Coinbase, Robinhood, Gemini and Ripple. While these developments indicate that there is a friend of encryption by the new US government, the encryption market is still suffering from the effects of the new international trade policies.
At the time of writing this report, the encryption market value is $ 2.68 trillion after reducing it by more than 4 % last day after the United States decided to impose a 25 % tariff on auto imports from Mexico and China.
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