💨 Abstract

President Donald Trump has granted pardons to the three co-founders of cryptocurrency exchange BitMEX, along with former employee Gregory Dwyer and an entity owning and operating the exchange, for violating the Bank Secrecy Act by failing to maintain anti-money laundering and know-your-customer programs. The pardons come at a time of optimism in the crypto industry for looser regulation under Trump.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖