In March, BitMEX founders Arthur Hayes, Samuel Reed and Ben Delo, as well as BitMEX, the first corporate entity in history, were pardoned by US President Donald Trump. Few can deny that dabbling in cryptocurrencies has seemed to benefit criminals during the Trump administration - Howard Lutnick has called Trump a "crypto president", and some of the "pull-ups" and scams have even been invited to dinner at the White House.
However, perhaps more important to BitMEX and its founders is the amount of money they have invested in lobbying for two consecutive years.
According to OpenSecrets, HDR Global Trading (the company name for BitMEX) paid nearly $800,000 to lobbying and consulting firm Edelman between 2019 and 2021.
From August 2019 to March 2021, Edelman was paid more than $50,000 a month for consulting on everything from how to properly implement "know your customer" (KYC) measures to routine crisis management, according to the filing.
BitMEX invested heavily in lobbying in the United States before receiving the pardon
2025-09-04 00:28:47
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