Cryptography prices jump after Trump establishes a plan for the American strategic reserve
Bitcoin prices and others have skyrocketed after Donald Trump established plans for an American cryptocurrency reserve. He declared in an article on social networks that the stock would include bitcoin and ether, as well as smaller XRP, Solana and Cardano tokens.
Washington – President Donald Trump granted pardons to three founders of the Bitmex Cryptocurrency Exchange, according to a familiar source with Clemence.
The co -founders – Arthur Hayes, Benjamin Delo and Samuel Reed – Previously pleaded guilty In 2022 to a charge of each of the violation of the law on the secrecy of the bank to flout the money laundering rules and not to have checked the scholarship. Trump signed the pardons Thursday without publicizing the action.
Bitmex was sentenced to a fine of $ 100 million in January For violation of the Bank’s Secret Act by not deliberately established, implementing and maintaining an adequate anti-whitewarming program and your client’s customers.
Delo published a press release on Friday saying that the Ministry of Justice “wrongly targeted Bitmex and its co-founders”. Delo also expressed his recognition to Trump for forgiveness.
“This complete and unconditional forgiveness of President Trump is a justification for the position we have always occupied – this bitmex, my co -founders and I should never have been accused of a criminal offense by an obscure and outdated law,” said Delo. “As the most successful cryptography exchange of its kind, we were wrongly induced to serve as an example, sacrificed for political reasons and used to send inconsistent regulatory signals.”
“A legal wrong has been corrected today and despite the distress that I have experienced in recent years, I am happy to have erased my name and to be able to continue my life and my philanthropic work without the burden of an unfounded condemnation,” added Delo.
Hayes has published a note on social networks Say “thank you” to Trump.
Federal prosecutors had said that cryptocurrencies proliferate, companies engaged in the virtual economy became critical guards to ensure that the markets are fair, efficient and secure. The lawyer at the time, Damian Williams, said that the founders of Bitcoin Mercantile Exchange, nicknamed Bitmex, had not even implemented basic policies in the fight against money laundering.
“They allowed Bitmex to operate as a platform in the shadow of the financial markets,” said Williams.
Bitmex is an exchange of online cryptocurrency derivatives which served thousands of American customers, according to the judicial archives. Since at least September 2015 at the accusation of the founders in September 2020, the company “was in fact a platform for money laundering”, according to the judicial archives.
The company’s website has announced that “no real name or other advanced verification is required on Bitmex”, according to the judicial archives. Reed wrote an e-mail in August 2015 that Bitmex’s advantages included “the freedom to create an account without the expensive KYC requirements”, referring to the federal requirements to “know your customer”.
Reed was informed in May 2018 allegations that Bitmex was used to launder the product of cryptocurrency hacking, prosecutors said in the judicial archives. But neither REED nor the company have submitted a report on suspicious activities to the Treasury Department.
Hayes of Miami and Delo of the United Kingdom and Hong Kong each pleaded guilty in February 2022 to a violation leader of the Bank’s secret law. Everyone agreed to pay a fine of $ 10 million. Reed pleaded guilty in March 2022 at the same crime and accepted the same sanction.
Hayes was sentenced in May 2022 to two years of probation, with the first six months of home detention. Delo was sentenced in June 2022 to 30 months in probation. Reed was sentenced in July 2022 to 18 months of probation.
The prosecutors disagreed with the sentences, arguing that they should have been superior to the federal directives applied in the case due to the severity of the crimes.
This story has been updated with more information.
