The pardon granted by President Donald Trump to Arthur Hayes, Benjamin Delo, and Samuel Reed, co-founders of BitMEX, marks a significant turning point in a case that has attracted the attention of the crypto world for years. The three entrepreneurs pleaded guilty in 2022 to violating the U.S. Bank Secrecy Act, specifically for failing to implement adequate KYC (Know Your Customer) and AML (Anti-Money Laundering) controls on their cryptocurrency exchange platform. This non-compliance allowed BitMEX to operate for years as a space where traditional financial regulations were largely ignored.