Trump "Will consider pardoning Samourai Wallet CEO"

Source
Suehyeon Lee

Summary

  • President Donald Trump said he would consider pardoning the Samourai Wallet CEO.
  • Samourai Wallet, with features that enhance Bitcoin transaction privacy, had been the subject of investigation by U.S. authorities, and its CEO is reported to have been indicted on charges of aiding and abetting money laundering.
  • Trump's remarks suggest the possibility of policy changes regarding virtual asset privacy technologies, drawing market attention.
Photo=Shutterstock
Photo=Shutterstock

Donald Trump, the U.S. president, said he would consider the possibility of pardoning the CEO of the privacy-focused Bitcoin wallet Samourai Wallet.

On the 16th (local time), according to Bitcoin Magazine, President Trump recently said in response to a related question, 'I've heard about this matter,' adding, 'I'll look into it. I'll take a look.'

Samourai Wallet is a wallet service that provides features to enhance Bitcoin transaction privacy and has been the target of investigations by U.S. authorities on the grounds that it makes tracking funds difficult. In this regard, the CEO has been indicted on charges including aiding and abetting money laundering.

The remarks came amid a mood of easing regulatory stances since the start of the Trump administration, and some interpret them as suggesting a possible shift in judicial and policy approaches to virtual asset privacy technologies. Market participants and the industry are watching closely to see whether this will lead to an actual pardon process.

publisher img

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Unregistered crypto exchanges continue operating openly as the Korea Communications Media Commission is effectively shuttered

5 minutes ago
Unregistered crypto exchanges continue operating openly as the Korea Communications Media Commission is effectively shuttered

US spot Ethereum ETFs see $57 million in net inflows a day after outflows

1 hours ago
US spot Ethereum ETFs see $57 million in net inflows a day after outflows

US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

1 hours ago
US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

Banking industry: ‘Stablecoin issuers should be vetted for at least a year before getting a Fed payments account’… Clash over ‘skinny accounts’

1 hours ago
Banking industry: ‘Stablecoin issuers should be vetted for at least a year before getting a Fed payments account’… Clash over ‘skinny accounts’

Democratic Party formalizes push to disperse crypto exchange governance… “Move quickly on the Framework Act on Digital Assets”

4 hours ago
Democratic Party formalizes push to disperse crypto exchange governance… “Move quickly on the Framework Act on Digital Assets”

Trending News