Arthur Hayes Joins Stem Cell Firm After Trump Pardon

BitMEX co-founder and Bitcoin billionaire Arthur Hayes has taken a board seat and main stake in a stem cell firm following his March pardon from US President Donald Trump, which cleaned his conviction for Financial institution Secrecy Act violations.

Hayes, who constructed BitMEX into one of many largest derivatives platforms earlier than it fell under regulatory fire, has been an everyday affected person on the stem cell agency’s clinics in Mexico and Bangkok for over a yr, he told Bloomberg.

“I need to stay so long as potential, as wholesome as potential,” Hayes stated, noting that extra international locations are stress-free guidelines round stem cell use. The corporate, which is at present rebranding, was not recognized.

In March, Trump pardoned four former BitMEX executives, together with Hayes, Benjamin Delo, Gregory Dwyer and Samuel Reed, who had pleaded responsible to Financial institution Secrecy Act violations tied to weak Anti-Cash Laundering controls on the alternate.

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Crypto titans chase longevity

Hayes’s guess on longevity comes as crypto titans more and more funnel wealth into the sector.

In 2021, Vitalik Buterin contributed $25 million in Shiba Inu (SHIB) tokens to the Way forward for Life Institute and over $350,000 to the SENS Analysis Basis to “reimagine ageing.”

He has known as life extension a trigger price combating for, framing it as a technique to finish the generational loss brought on by growing old. “Simply even the method of growing old turning into one thing that simply turns into reversible and it being an everyday factor for folks to stay one and a half, two centuries after which go even farther from there,” Buterin said.

Former Coinbase govt Balaji Srinivasan additionally co-founded Counsyl, a genomics startup centered on reasonably priced genetic testing for reproductive well being and illness screening. Coinbase CEO Brian Armstrong co-founded genetic startup NewLimit, which raised $130 million this yr.

Cointelegraph reached out to Hayes for remark however had not obtained a response by publication.

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Hayes stays energetic in crypto

Hayes has additionally remained energetic in crypto’s monetary frontier. His household workplace, Maelstrom, has backed digital asset treasury corporations, publicly traded companies stockpiling tokens on their stability sheets.

Final yr, Hayes’ Maelstrom fund additionally launched a Bitcoin grant program providing $50,000 to $150,000 yearly, with as much as $250,000 per developer, to assist open-source work to strengthen Bitcoin’s scalability, resilience, privateness and censorship resistance.

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