Report Donald Trump gave five apologies to crypto and block chain data including Russian former CEO, former US President Donald Trump reportedly released five cries related to cryptocurrency and block China sector. It is believed that some of these prominent personalities such as the CEO of Binance Changpeng Zhao and FTX founder Sam Bankman-Fried.
A noteworthy case includes Anatoli Lagcodemo, a Russian citizen and former CEO of Crypto Exchange Bitzlato. According to a report by Russia’s official media outlet TASS on Friday, the Legacodemov’s legal team formally requested presidential apology after proving a crime in 2023 and being sentenced. The allegations against Ligcodemov were filed in January 2023, and confessed the crime in December that same year. He was sentenced in July 2024 after approximately 18 months in custody.
The apology request came as an attempt to eliminate or reduce its sentence results. Trump’s move to forgive those associated with the crypto industry has attracted special attention, reflecting the complex and frequent intercourse of cryptocurrency with legal and regulatory framework and often controversial intercourse.
Political Targeting and Hope for Fair Treatment
Crypto is looking closely because these changes can cause views or signal change to treat digital currency-related crimes under US law. According to TASS, Ivan Milenkov, the Vice President of the International Committee of Human Rights, said, has become a target in the political campaign against the Anatoli crypto market and talented Russian programmers. He added, “The decision of asking forgiveness is based on hope that the United States will adopt more balanced and fairly regarding digital finance.
According to allegations against it, Ligcodemov was part of the operation that facilitated the transfer of illegal funds through its role in Bataslato. US authorities accused Batzloto to send hundreds of million dollars in Dark Web Hydra Market Place, and that exchange received approximately $15 million connected to Ransomware attacks.
Related: CZ Zhao Appeals to Trump for Apology for Money Laundering Charges
French authorities were allegedly trying to deliver Anatoli Legcodemov to face similar charges after staying in the US. It is not clear whether Trump received an apology request or intend to follow it.
Apologies for the Crypto Industry Who Committed a Confession or Were Convicted
Since taking power in January, Trump has given at least 58 presidential apologies. These are Ras Albercht founder of Silk Road, which were cutting two-age prison sentences in federal prison, and four former executives of cryptocurrency exchange BitMEX: Arthur Hez, Benjamin Delo, Gregory Davier, and Samuel Red.
Former Binance CEO Changpeng, CZ Zhou, revealed in May that he had submitted an apology request to Trump. In November 2023, Zhao pleaded guilty to a major charge as part of a settlement with U.S. officials and Binance. He spent four months in prison.
FTX Former CEO Seeking Federal Apology
The report also indicates that the former CEO of FTX are trying to get federal apology from Trump by talking to Sam Bank Main Fried Conservative News platforms and removing himself from the Democratic Party. Bankman-Fried was sentenced to 25 years in prison in 2024 and was held in the federal reform institution of Terminal Island until Friday.
Conclusion
Donald Trump’s recent wave of presidential apology, especially for those who have been associated with the crypto industry, shows a changing statement. This statement not only challenges the legal status of digital finance but also raises questions about political influence and policy making. While some constituencies are calling these apology as justice to those with technological innovation, critics believe the move weakens the rule of law.
This matter is not limited to the punishment or apology of specific individuals, but its scope has spread globally to crypto rules, policies and government behavior. Cases such as Legcademov, CZ Xiao and Bank Man Fred have not only become the center of media and public interest, but will also play a key role in determining the legal scope of digital currencies in the future.
As the world is getting worse in the complex world of crypto, the question is now becoming more important to whether the digital currency crimes will be dealt with under traditional laws or set a separate legal and moral standard in the future. It is time to tell whether these apology reinforces the judicial system or weakened.
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