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March 27, 2025executive ordercriminal justiceexecutive powerfinancial regulationcryptocurrencyexecutive powerpardonsfinancial crime

Trump Pardons BitMEX Crypto Founders and Nikola Founder Trevor Milton

Trump pardoned four BitMEX cryptocurrency exchange executives on March 27, 2025 — Arthur Hayes (CEO), Benjamin Delo, Samuel Reed, and Gregory Dwyer — who pleaded guilty to Bank Secrecy Act violations for running an exchange without anti-money laundering controls. The same day, Trump pardoned Nikola founder Trevor Milton, convicted of securities fraud for staging a promotional video of a truck rolling downhill to deceive investors. The pardons followed significant cryptocurrency industry investment in the 2024 Trump campaign.