Samourai co-founder claims Biden-era lawfare in calling for Trump pardon

Samourai co-founder claims Biden-era lawfare in calling for Trump pardon

Source: Cointelegraph

Published:2025-12-19 19:46

BTC Price:$87944

#BTC #Regulation #DonaldTrump

Analysis

Price Impact

Med

The co-founder of samourai wallet, a bitcoin privacy wallet, pleading guilty and requesting a pardon from donald trump, highlights ongoing regulatory scrutiny. however, trump's history of pardoning crypto figures (ulbricht, cz) introduces a potential long-term positive sentiment for the industry regarding future regulatory environments.

Trustworthiness

High

Cointelegraph is a reputable source for crypto news. the article directly quotes keonne rodriguez and references trump's previous statements and actions regarding crypto pardons, providing a factual basis for the analysis.

Price Direction

Neutral

While the immediate news of a co-founder reporting to prison isn't bullish, the request for a presidential pardon, coupled with trump's track record of crypto pardons, could introduce a long-term bullish narrative for regulatory leniency under a potential future administration. for now, it's largely neutral as the pardon is speculative.

Time Effect

Long

Any potential pardon or shift in regulatory stance based on future political leadership would be a long-term development, impacting overall market sentiment and regulatory landscape over months or years, rather than immediate price action.

Original Article:

Article Content:

Turner Wright 1 minute ago Samourai co-founder claims Biden-era lawfare in calling for Trump pardon Keonne Rodriguez said on social media that he will report to prison on Friday to begin his five-year sentence for operating an illegal money transmitter. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Keonne Rodriguez, who pleaded guilty to one felony count related to his role at Samourai Wallet, is calling on US President Donald Trump to pardon him, citing similar language that has been successful in previous pardon applications. In a Thursday X post, Rodriguez said he would report to prison on Friday, where he will serve a five-year sentence for operating an illegal money transmitter. The Samourai co-founder claimed there were no “victims” to his crime, and blamed his incarceration on “lawfare perpetrated by a weaponized Biden DOJ.” In a message tagging Trump, Rodriguez expressed hope that the US president would issue a federal pardon for him and William “Bill” Lonergan Hill, another Samourai executive who pleaded guilty and was sentenced to four years. Rodriguez blamed “activist judges” for his legal troubles, claiming he was targeted by a “political anti-innovation agenda.” “I maintain hope that [Trump] is a fair man, a man of the people, who will see this prosecution for what it was: an anti innovation, anti american, attack on the rights and liberties of free people,” said Rodriguez. “I believe his team [...] and others truly want to end the weaponization of the DOJ that the previous administration wielded so effectively [...] I believe he will continue to wield that power for good and pardon me and Bill.” Source: Keonne Rodriguez Related: Samourai Wallet co-founders to now plead guilty to US charges Rodriguez’s public plea followed Trump's statement that he would “take a look” at a pardon for the Samourai co-founder, claiming that he had no knowledge of the case. It’s unclear whether Rodriguez filed an official application for a pardon or is relying on public statements to get the president’s attention. Other crypto execs successfully lobbied for a Trump pardon One of Trump’s first acts as president in January was to issue a pardon for Silk Road founder Ross Ulbricht, who had been serving a life sentence for his role in creating and operating the darknet marketplace. Former Binance CEO Changpeng “CZ” Zhao, who pleaded guilty to one felony in 2023 related to the exchange’s Anti-Money Laundering program, served four months in prison but also received a pardon from the president. Trump later said he “[knew] nothing about” Zhao when asked about the pardon in a November interview. Rodguiez’s language addressing Trump mirrored comments from the White House on previous pardons. For example, Press Secretary Karoline Leavitt said it was a “weaponization of justice from the previous administration” when the president commuted the sentence of David Gentile, who was convicted of defrauding “thousands of individual investors in a $1.6 billion” scheme in 2024. Crypto users on Polymarket were not given the choice of betting on the odds of a Trump pardon of Rodriguez as of Friday. At the time of publication, Trump ally Steve Bannon had the highest odds, at 9%. Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice # Bitcoin Wallet # Law # Politics # Court # Crimes # Donald Trump # Regulation # Polymarket Add reaction