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

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

marsbit1h ago

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

marsbit1h ago

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

Stock Markets Plunge Deeper Than Cryptocurrencies: Where Did the Money Go? In late July, Seoul's Kospi index triggered circuit breakers for two consecutive days, plummeting over 40% from its June high. The collapse was led by heavyweight stocks like SK Hynix, whose record profits still disappointed investors, and devastating leveraged ETFs, with one major product losing over 83% of its value. This signaled a global, forced deleveraging targeting the most crowded trades. Interestingly, while stocks exhibited extreme volatility akin to crypto markets, Bitcoin rose nearly 15% in July after a prior steep drop. Analysis shows the money fleeing equities did not flow into Bitcoin. Instead, Bitcoin had already absorbed its sell-off in May-June, when U.S. spot Bitcoin ETFs saw historic outflows. The true safe-haven beneficiary was gold, whose price rose over 20% year-on-year, highlighting a decoupling between Bitcoin and gold as "digital gold." The sell-off was a targeted unwinding of leveraged positions in tech and semiconductors, accelerated by broker-dealer risk management and shifts in the AI narrative, including new competition from Chinese memory chipmakers. The retreat path was clear: from high-valuation tech stocks to cash and U.S. Treasuries, then to gold. For Bitcoin to attract sustained institutional inflows, conditions like eased global liquidity pressure, a "soft-landing" Fed rate cut, and U.S. regulatory clarity via legislation like the stalled CLARITY Act are needed. Currently, Bitcoin is not a safe haven but an already-cleared asset. Its low correlation with tech stocks, however, makes it a potential diversification play for institutional portfolios once the storm passes. The money isn't here yet, but the positioning is underway.

marsbit1h ago

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

marsbit1h ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit5h ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit5h ago

Trading

Spot
活动图片