Binance News: Trump Pardons BitMEX Co-Founders, Stirring Debate on Crypto Regulations

In a surprising turn of events, President Donald Trump has granted pardons to the co-founders of the popular cryptocurrency exchange BitMEX, Arthur Hayes, Benjamin Delo, and Samuel Reed. This decision has not only raised eyebrows but has also sparked fresh discussions in the digital finance world, particularly regarding the regulation of cryptocurrencies.

Trump Pardons BitMEX Co-Founders, Shaking Up Crypto Regulations

President Donald Trump has granted pardons to the co-founders of BitMEX—Arthur Hayes, Benjamin Delo, and Samuel Reed. The trio was found guilty in 2022 for violating the Bank Secrecy Act. Their company, BitMEX, was fined $100 million for failing to follow anti-money laundering rules. This decision has sparked fresh discussions in the digital finance world. Arthur Hayes expressed his gratitude by tweeting, “Thank you, President Trump.” The pardon clears their records, giving them a fresh start. Many in the digital finance industry see this as a positive sign for the market and are questioning the implications. Trump’s move has also raised speculation about other possible pardons, with some wondering if Terra’s Do Kwon could be next. The crypto community is closely watching how his actions might impact the industry.

Consumer Court Dismisses WazirX Hack Victims’ Complaints; Supreme Court Next?

The consumer court has dismissed complaints filed by victims of a hack on the WazirX cryptocurrency exchange. The court stated that the legality and nature of the transactions are not regulated to the extent required in the country, making it difficult to investigate the alleged illegalities. The advocate representing the complainants plans to appeal the decision to the Supreme Court, seeking recovery of lost funds and criminal proceedings against the involved entities and individuals.