U.S. President Donald Trump has extended the scope of corporate pardons into the crypto sector during his second term, according to Odaily. So far, nine companies have been pardoned, including HDR Global Trading, the parent company of crypto exchange BitMEX. HDR Global Trading had been facing a $100 million fine over anti-money laundering violations. Trump signed the pardon order on March 27, 2025, covering both the company and four former executives, including co-founder Arthur Hayes. The timing fell in the same week that the fine was due. The report also said the idea of pardoning corporations was first raised in early 2025, when BitMEX’s parent company was quietly seeking clemency. Some White House officials reportedly cited a precedent from more than 300 years ago, when King Charles II of England pardoned a corporation, as support for the move.
President Donald Trump has set what Odaily described as a modern U.S. precedent by granting pardons to companies during his second term, with the policy now reaching the crypto sector.
Among the nine companies pardoned so far is HDR Global Trading, the parent company of crypto exchange BitMEX. The company had been facing a $100 million penalty for anti-money laundering violations. On March 27, 2025, Trump signed a pardon order covering HDR Global Trading and four former executives, including co-founder Arthur Hayes. The move came in the same week the fine was due.
Odaily said the idea of pardoning corporations was first raised in early 2025. At that time, BitMEX’s parent company was quietly seeking a pardon, while some White House officials cited a more than 300-year-old precedent involving King Charles II of England pardoning a corporation.
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