Navigation

© Zeal News Africa

Trump Shocker: President Considers Pardon for Samourai Wallet Co-Founder

Published 9 hours ago3 minute read
David Isong
David Isong
Trump Shocker: President Considers Pardon for Samourai Wallet Co-Founder

President Donald Trump has indicated he will review the case of Keonne Rodriguez, co-founder of Samourai Wallet, following his federal conviction. When questioned about Rodriguez's impending prison sentence, Trump stated, "I've heard about it. I'll look at it." and "But we'll take a look," despite initially claiming no knowledge of the situation. Rodriguez publicly acknowledged Trump’s sentiment, expressing gratitude to supporters for pushing the former President to pardon both him and co-founder William “Bill” Hill, using the hashtag #pardonsamourai.

Rodriguez and Hill were convicted on charges of conspiracy to operate an unlicensed money transmitting business. This charge stems from their involvement with Samourai Wallet, a Bitcoin privacy tool designed to allow users to mix coins and maintain financial anonymity without relinquishing custody of their funds. The case, which originated under the Biden administration and continued through the Trump Justice Department, concluded with Rodriguez receiving a five-year sentence, while Hill, due to his age and a recent autism diagnosis, received a reduced four-year sentence.

Critics of the prosecution argue that this case establishes a dangerous precedent for the broader cryptocurrency industry. The U.S. Department of Justice asserted that Samourai Wallet facilitated over $2 billion in unlawful transactions and laundered more than $100 million from various criminal enterprises. However, notably, only the "unlicensed money transmission" charge was upheld after a high-profile trial, leading to skepticism about the overall strength of the prosecution's initial claims.

Samourai Wallet’s specialized mixing services, known as Whirlpool and Ricochet, were specifically engineered to obscure the origin of criminal proceeds. These included funds derived from drug trafficking, darknet marketplaces, fraud, cybercrime, and even murder-for-hire operations. Court documents further reveal that the developers actively encouraged such illicit use, reportedly describing their service as "money laundering for bitcoin" and promoting its features on darknet forums.

The Department of Justice has consistently framed this case as part of a larger initiative to crack down on crypto mixing services. Despite Rodriguez's request for a lighter sentence, the court imposed the statutory maximum of five years. President Trump's recent comments align with his campaign promises to champion the right to self-custody and financial privacy. During the 2024 Bitcoin Conference in Nashville, he vowed to dismantle what he characterized as the "anti-crypto crusade" of the previous administration. A pardon for Rodriguez and Hill would serve as a concrete demonstration of these commitments, potentially safeguarding software developers from legal repercussions for creating tools that enhance privacy and security for individuals.

With Rodriguez slated to report to prison on December 18 and Hill already having begun his sentence, the Trump administration faces a critical, high-profile decision. This choice holds the potential to significantly influence the future landscape of financial privacy, software development, and cryptocurrency regulation within the United States.

Loading...
Loading...
Loading...

You may also like...