Trump’s Crypto Pardon Fiesta: BitMEX Gets a Pass, Who’s Next? 🎉

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Just when you thought the world of digital currency couldn’t get any more bizarre, Trump decides to throw a curveball that even a Vogon poet would find baffling. In a move that has left many scratching their heads – or in some cases, their virtual currency wallets – the former President has granted pardons to the BitMEX trio: Arthur Hayes, Benjamin Delo, and Samuel Reed. These gentlemen, who had previously found themselves in regulatory hot water, have now been offered a “Get Out of Jail Free” card. Naturally, the crypto community is buzzing with speculation – could Terra’s Do Kwon be the next lucky recipient of Trump’s whimsical mercy?

Trump’s Pardon Extravaganza: A New Chapter in Crypto Chaos

It seems that Trump, the man who once compared Bitcoin to a “Scrooge McDuck vault,” has had a change of heart. His pardon of the BitMEX co-founders marks a significant shift in the U.S. approach to crypto regulation. These men, who were once facing the music for their banking law transgressions, are now free to roam the digital plains once more, their records as spotless as a freshly minted NFT.

Is Do Kwon on the Pardon Wishlist?

The ongoing legal tango between Terra and the SEC has many in the crypto community wondering if Trump’s latest move sets a precedent. Could Do Kwon be next in line for a presidential pardon? If so, it might just open the floodgates for Terra, potentially altering the landscape of how crypto firms navigate regulatory mazes.

SEC’s Regulatory Boomerang: A Good Spin?

Not to be outdone, the U.S. SEC has been showing signs of a regulatory about-face. Dropping charges against influencer Hailey Welch, the SEC appears to be trading its iron fist for a velvet glove. This shift towards a more balanced regulatory stance hints at a future where crypto innovators can breathe a bit easier, provided they stick to the rules.

While the crypto world toasts Trump’s pardoning spree, crypto veteran Peter Schiff isn’t exactly popping the champagne. Schiff, who’s no fan of anti-money laundering laws, believes the pardoned were guilty as charged. Nonetheless, he quips that even the IRS couldn’t pin anything on him, thanks to his bank’s pristine record.

Trump’s latest pardon party includes more crypto execs who danced with the AML laws. I may not be a fan of those laws, but these folks were definitely doing the tango. The IRS spent years trying to pin something on me, but my bank was so squeaky clean, they couldn’t even fabricate a charge. 🧼💰

— Peter Schiff (@PeterSchiff) March28,2025

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  • What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks

The Cryptic Future of Regulation

Enter Paul Atkins, Trump’s pick to helm the SEC. Unlike his predecessor, Atkins promises a regulatory framework so transparent, you could read it through a blockchain. His approach could pave the way for more institutional investment and broader crypto adoption. However, his own substantial crypto investments have raised a few eyebrows, sparking debates about potential conflicts of interest.

With Trump’s recent actions, the stage is set for a potentially more lenient era in crypto regulation. Whether Do Kwon will join the ranks of the pardoned remains a mystery, but one thing’s for sure – the crypto world is watching with bated breath and a sense of cautious optimism. 🤞

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2025-03-29 08:39