Trump to ‘look into’ recently convicted Samurai Wallet co-founder

cointelegraphPublished on 2025-12-16Last updated on 2025-12-16

Abstract

US President Donald Trump has stated he will review the case of Keonne Rodriguez, the convicted co-founder of Samourai Wallet, suggesting a potential pardon. Rodriguez and co-founder William Lonergan Hill were sentenced to five and four years in prison, respectively, on charges related to operating an unlicensed money-transmitting business. Privacy advocates argue the case criminalizes open-source privacy tools. Rodriguez, set to begin his prison term, expressed hope for a pardon, citing Trump's own experiences with the DOJ. He believes a conventional appeal is unlikely after pleading guilty. Trump has previously pardoned high-profile crypto figures, including Binance's Changpeng Zhao and Silk Road's Ross Ulbricht.

US President Donald Trump says he will review the case of convicted Samourai Wallet developer Keonne Rodriguez, hinting he will explore the possibility of a pardon.

Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison on charges stemming from their involvement in the crypto mixing protocol.

“I’ve heard about it, I’ll look at it,” Trump said when asked about the case at a press conference about the Mexican border at the White House on Monday.

“Okay, let’s take a look at it. You know, you’ll have to tell me. I don’t know anything about it, but we’ll take a look,” he added.

US President Donald Trump has promised to review the case of Samurai Wallet developer Keonne Rodriguez. Source: YouTube

Privacy advocates and crypto users have long been advocating for Rodriguez and Hill, along with Tornado Cash co-founder Roman Storm, arguing they shouldn’t be held responsible for the actions of third parties using their software, because their convictions risk criminalizing open-source privacy tools and restricting privacy rights.

Samourai co-founder says “noise is working”

Rodriguez, who is due to start his time behind bars this week, said in an X post on Monday that the “continued noise” from supporters is working. “Thank you to everyone pushing Donald Trump to pardon Bill and me. Let’s get this over the line.”

In an interview with Bitcoin educator Natalie Brunell on Friday, Rodriguez said he thought there was a chance of receiving a pardon if the case were presented to Trump and the top officials in the administration.

“Because President Trump has been touched by a DOJ that was weaponized against him, I think when he sees the facts laid out on the table, he will know exactly what’s going on,” Rodriguez said.

Conventional appeal is unlikely

Rodriguez also said it’s his understanding he waived his right to appeal the sentence when he took the plea deal, adding that he’s not “100% on that, but my understanding is appeal is pretty unlikely.”

Rodriguez and Hill initially pleaded not guilty but then agreed to plead guilty to one charge of operating an illegal money transmitter in July.

They faced at least 25 years in prison on charges of conspiracy to commit money laundering, which carries a maximum prison sentence of 20 years, and operating an unlicensed money-transmitting business, which carries a sentence of up to five years.

Up until the sentencing hearing, Rodriguez said he regretted pleading guilty but feared the judge wouldn’t allow key evidence to be used in his defense, such as receiving legal advice before launching Samourai Wallet.

Related: After Samourai, DOJ’s money-transmitter theory now looms over crypto mixers

After crunching the numbers, he also found a “conviction means 25 years, even if you appeal, that you’re sitting in prison for five years waiting for your appeal, your appeal is going to cost you another $7 million on top of the four and a half million you’ve already spent to get to this point. So the numbers just didn’t make any sense.”

Trump pardoned Changpeng Zhao, Ross Ulbricht

Since taking office, Trump pardoned Binance founder Changpeng “CZ” Zhao in October, after he pleaded guilty in November 2023 to failing to maintain an effective Anti–Money Laundering program at Binance, in violation of the Bank Secrecy Act.

Ross Ulbricht, the founder of the defunct darknet marketplace the Silk Road, was also granted a presidential pardon on his life sentence in January.

Magazine: Do Kwon sentenced to 15 years, Bitcoin’s ‘choppy dance’: Hodler’s Digest, Dec. 7 – 13

Related Reads

IOSG Founder: Web3 Is 'Losing Blood,' How Can Practitioners Survive Better?

IOSG Founder: Web3 Is "Bleeding Out" – How Can Practitioners Survive Better? In a candid reflection, the founder of IOSG Ventures voices deep concerns about the current state of Web3, describing an ecosystem experiencing severe "blood loss." Despite the recent MuShanghai event showcasing a successful pivot towards a more diverse, global community, a somber reality persists: many crypto-native attendees were there exploring exits or new labels in biotech, AI, and robotics. The core issue is identified as a breakdown in the ecosystem's positive feedback loop. Alarmingly, underestimated "low-probability bad events" are occurring simultaneously: a significant brain drain of Chinese developers to AI, a lack of breakout applications despite massive funding, and a widening credibility gap for practitioners globally, often stigmatized as scam artists. This has created a dire接班人 (successor) problem, with the next generation seeing little professional prestige or financial upside in crypto compared to fields like AI. A significant portion of the critique focuses on Ethereum and Vitalik Buterin. While not pessimistic about Ethereum's technology, the founder worries that critical development windows were missed by focusing on niche technical narratives like ZK and L2 instead of mass-market applications. A more urgent concern is that Vitalik may be isolated in an "information bubble," shielded from the grassroots community's hardships by layers of intermediaries, preventing crucial feedback from reaching him. The call is for Vitalik to return to a founder's mindset, re-engage directly with the community, and rally efforts for the next decade. The divergence between U.S. and Chinese OG (Original Gangster) ecosystems is stark. While many U.S. builders reinvest their wealth into the ecosystem, the Chinese scene suffers from a severe lack of "造血能力" (blood-making ability), with most market-driven funds struggling and many early success stories cashing out entirely. This threatens the entire Asian Web3 ecosystem's survival. For individual practitioners, survival advice is pragmatic: find your core "why," maintain life balance beyond token prices, continuously learn new skills (like AI), form small, trusted alliances for mutual support, and practice self-compassion. The industry's greatest need is not money or tech, but lighthouses—individuals at all levels who offer mentorship, grants, referrals, and honest reflection to guide others. The piece concludes with a direct appeal: OGs must pay forward the opportunities the industry gave them; founders must not struggle alone; and builders must continue their work, ensuring it remains a viable profession. The survival of Web3's "cathedral" depends not on any single leader but on the collective responsibility of everyone who remains.

marsbit21m ago

IOSG Founder: Web3 Is 'Losing Blood,' How Can Practitioners Survive Better?

marsbit21m ago

Deficits, Inflation, and the New Fed: The Deep Logic Behind US Bond Yields Breaking 5% and the Market Reset

In the week of May 15-19, 2026, U.S. long-term Treasury yields surged to multi-year highs, with the 30-year yield hitting 5.2%, a level unseen since 2007, and the 10-year yield climbing to 4.687%. Equity markets declined in response. Four primary factors are driving the rise in yields. First, stubborn inflation persists, with April wholesale prices rising 6% year-over-year, fueling expectations of potential future Fed rate hikes instead of cuts. Second, newly confirmed Fed Chair Kevin Warsh inherits a complex inflation battle, with markets closely awaiting his first FOMC meeting. Third, deteriorating U.S. fiscal health, marked by large deficits and rising debt servicing costs, is eroding the traditional "safe-haven" premium for Treasuries. Fourth, the "One Big Beautiful Bill" tax cuts are projected to add trillions to the national debt, contributing to Moody's recent credit rating downgrade. Rising yields pressure stocks through several channels: a higher discount rate reduces the present value of future earnings (especially for growth stocks); rising risk-free rates compress equity risk premiums, making bonds relatively more attractive; higher borrowing costs impact consumers and corporations; and a stronger dollar affects multinational earnings. For investors, the environment favors value and financial stocks over long-duration growth stocks. Bond investors find attractive yields in short to intermediate maturities, while income investors see the best fixed-income opportunities in over a decade. Key developments to watch include Chair Warsh's first FOMC meeting, upcoming inflation data, Treasury auction demand, and whether the 30-year yield approaches 6%, a level that could trigger a more sustained equity valuation reset. The bond market's message is clear: the era of cheap government borrowing is over, posing a central challenge for markets in late 2026.

marsbit23m ago

Deficits, Inflation, and the New Fed: The Deep Logic Behind US Bond Yields Breaking 5% and the Market Reset

marsbit23m ago

Is MicroStrategy Selling Bitcoin Not a Bearish Signal? Deconstructing the 5 Financial Logics Behind Corporate Bitcoin Divestment

The article "Is Strategy Selling Bitcoin Not a Bearish Signal? Decoding 5 Financial Logics Behind Corporate Bitcoin Divestment" analyzes why companies might sell their bitcoin holdings, arguing it's not necessarily negative. It begins by noting the market's surprise at Strategy's potential sale, contrasting its previous "never sell" stance. The core argument is that corporate decisions prioritize shareholder value, and selling bitcoin can be a rational strategic choice. The article outlines five key financial reasons for such sales: 1. **Increase Bitcoin Holdings Per Share:** Companies can use proceeds from bitcoin sales to repurchase shares when the stock price is undervalued relative to its bitcoin assets. This reduces the outstanding share count, potentially increasing the bitcoin amount backing each remaining share. 2. **Optimize Capital Structure & Reduce Financing Costs:** Building cash reserves through bitcoin sales can improve credit ratings (as favored by agencies like S&P), leading to lower future borrowing costs. Repaying debt with sale proceeds also reduces financial leverage. 3. **Legitimate Tax Planning:** In the absence of wash-sale rules for bitcoin in the US, companies can sell to realize capital losses, then repurchase, lowering the tax basis of their holdings and creating tax offsets. 4. **Counter Negative Market Narratives:** A controlled, non-disruptive sale could demonstrate market resilience and disprove fears that corporate selling would crash the market, thereby normalizing bitcoin as a corporate treasury asset. 5. **Repurchase Preferred Stock at a Discount:** If a company's preferred stock trades significantly below its face value, using bitcoin sale proceeds to repurchase it can retire expensive liabilities at a profit, saving on future dividend payments. The conclusion emphasizes that bitcoin's monetary properties offer flexibility. Strategic sales can protect corporate and shareholder interests, making asset utilization more important than rigid "hold" mandates.

marsbit52m ago

Is MicroStrategy Selling Bitcoin Not a Bearish Signal? Deconstructing the 5 Financial Logics Behind Corporate Bitcoin Divestment

marsbit52m ago

Why Did Zhipu Surge Nearly 30% in a Single Day?

"Global AI Model Unicorn" Zhipu's stock surged nearly 30% in a single day, reaching a new market cap high. The catalyst was the launch of its GLM-5.1-highspeed API, boasting a generation speed of **400 tokens per second**, setting a new global benchmark. This speed, roughly 3-5 times faster than industry leaders like OpenAI's GPT-4o and Anthropic's Claude, is achieved **without compromising the full-scale model's capabilities**. In the era of AI Agents requiring dozens of self-calls, such latency reduction is critical, transforming speed from a system metric into a determinant of intelligence limits. The breakthrough stems from a three-layer technical overhaul: 1. **TileRT Inference Engine**: Compiles the entire model into a continuous, always-on computation pipeline using "Warp Specialization," minimizing GPU idle time by having different processor groups handle data loading, computation, and communication in parallel. 2. **Heterogeneous Parallelism for MLA**: To efficiently run the GLM-5.1 model using the MLA attention mechanism, TileRT employs a heterogeneous strategy. One GPU handles sparse indexing/routing, while the others perform dense computation, optimizing for MLA's unique workflow. 3. **ZCube Network Architecture**: Replaces the standard Spine-Leaf (ROFT) network topology with a flat, dual-group interconnect. This design creates a single optimal path between any two GPUs, eliminating network congestion at scale and reducing latency. The business impact is significant: a 15% increase in cluster throughput (free extra capacity), a 40.6% reduction in tail latency (improved stability), and a one-third cut in networking hardware costs. Long-term, this innovation challenges the dominance of NVIDIA's integrated hardware-software stack (GPU+NVLink+InfiniBand), potentially benefiting manufacturers of high-density Leaf switches and optical modules while lowering the software barrier for domestic AI chips like Huawei's Ascend. The innovation proves that more can be achieved with the same compute, reshaping the infrastructure beyond just GPUs.

marsbit2h ago

Why Did Zhipu Surge Nearly 30% in a Single Day?

marsbit2h ago

Trading

Spot
Futures
活动图片