22.01.2025 10:12
President Trump granted full clemency to Ross Ulbricht, the founder of Silk Road, who was serving a life sentence. This decision led to a rapid surge in the cryptocurrency markets and strengthened the libertarian movement.
The controversial founder of Silk Road, Ross Ulbricht, has regained his freedom with a full pardon granted by President Trump. This decision has resonated significantly in the cryptocurrency world and positively impacted Bitcoin markets.
The Controversial Figure of the Crypto World, Ulbricht, Has Regained His Freedom
U.S. President Donald Trump has signed a long-awaited decision granting a full and unconditional pardon to Ross William Ulbricht, the founder of Silk Road. In a statement made on the Truth Social platform, Trump announced that he had spoken with Ulbricht's mother and made this decision with the support of the Libertarian Movement.
In 2015, Ulbricht was sentenced to life in prison without the possibility of parole for operating the Silk Road platform on the darknet and for crimes related to drug trafficking. He claimed that he did not directly sell illegal substances through the platform but merely created a marketplace.
Trump's decision signifies the fulfillment of a promise he made at the Libertarian Party convention last May. The President had vowed to ease Ulbricht's sentence as soon as he took office.
This development has also echoed in the cryptocurrency markets. Bitcoin prices surged following this decision, which is seen as an indication of Trump's determination to fulfill his election promises. The President's positive regulatory approach towards cryptocurrencies and potential plans to create a Bitcoin reserve have also been well received in the markets.