Trump attempts to expand pardon power to corporations, issues pardon to crypto company BitMEX for violating Bank Secrecy Act

[essentialsaltes]

Trump Pardons Corporation Found Guilty of Massive Financial Crimes​

Now, with Trump’s pardon of the cryptocurrency company BitMEX, those protections are at risk. On Friday, the president issued full pardons for four individuals linked to the company and the exchange itself, which had been convicted of serious violations.

BitMEX, a cryptocurrency exchange that deals in derivatives tied to digital currencies like Bitcoin, was found guilty of violating the Bank Secrecy Act. The company failed to implement an anti-money laundering program, allowing anonymous trading until 2020. This made it easier for criminals to operate with little oversight.

In January 2025, BitMEX was hit with a $100 million criminal fine and additional penalties from the Commodities Futures Trading Commission, totaling $130 million.

The pardons Trump granted wipe away these penalties and protect the company from future prosecution.

 

[Akita Suggagaki]

This guy is unbelievable.

 

[stevil]

Trump Pardons Corporation Found Guilty of Massive Financial Crimes​

The pardons Trump granted wipe away these penalties and protect the company from future prosecution.

He is also wanting to tie in government business to crypto currencies, I'm sure somehow Trump himself stands to make a very large sum of money for himself here.

 

[Arcangl86]

While he is the first person to do this, legally I think he's on firm ground. Corporations are legally persons, which is the only reason it was even possible to convict it in the first place.