Woofun AI reports that Donald Trump issued a pardon to HDR Global Trading, the parent entity of crypto exchange BitMEX, effectively waiving a $100 million penalty for anti-money laundering violations. The executive action, signed on March 27, 2025, absolved the company and four former executives, including co-founder Arthur Hayes, coinciding with the payment deadline for the fine.

This move marks the ninth corporate pardon in Trump’s second term, establishing a modern U.S. precedent for absolving entities of regulatory penalties. White House officials cited historical precedents, such as King Charles II’s corporate pardon over three centuries ago, to justify the decision, which followed quiet lobbying by the company earlier in 2025.