Odaily Planet Daily report: During his second term, Trump has set a precedent in modern U.S. history by pardoning corporations, having so far pardoned nine companies, including HDR Global Trading, the parent company of the crypto trading platform BitMEX. The company faced a $100 million fine for violating anti-money laundering regulations; Trump signed the pardon on March 27, 2025, granting clemency to four former executives—including co-founder Arthur Hayes—and the company itself, just as the fine was due for payment. The report notes that the idea of pardoning corporations was first proposed in early 2025, when BitMEX’s parent company quietly sought a pardon, with some White House officials citing a precedent from over 300 years ago, when King Charles II of England pardoned companies.
Trump pardons BitMEX's parent company, waiving a $100 million fine.
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Summary
U.S. President Trump pardoned HDR Global Trading, the parent company of BitMEX, waiving a $100 million fine for AML and CFT violations. Trump signed the pardon on March 27, 2025, the same week the penalty was due. HDR became one of nine companies pardoned during Trump’s second term. The move established a new precedent for corporate pardons in modern U.S. history.
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