Ross Ulbricht, the Founder of Silk Road, Receives Presidential Pardon from Trump
In a significant move for the cryptocurrency community, Ross Ulbricht, founder of the Silk Road, has been granted a full pardon by President Trump, leading to his expected release from prison.
Key Points:
- Ross Ulbricht, the founder of Silk Road, has been pardoned, fulfilling a key campaign promise by President Donald Trump.
- Trump made the announcement via a message on Truth Social.
President Trump has kept a campaign promise to the crypto community by pardoning Ross Ulbricht, the founder of the Silk Road marketplace. Trump stated, “I just called the mother of Ross William Ulbricht to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross.”
This pardon leads to an anticipated release for Ulbricht, who was convicted in 2015 for running a continuing criminal enterprise and distributing narcotics through the Silk Road. He was serving a life sentence without parole.
Ulbricht’s case has garnered significant attention in the cryptocurrency community, with many arguing that he acted as a platform for transactions rather than selling illicit substances directly.
The announcement of the pardon coincided with a rise in Bitcoin prices, potentially indicating a favorable shift in Trump’s regulatory approach towards cryptocurrencies.
