President Donald Trump has pardoned Ross Ulbricht, the founder of the darknet marketplace Silk Road. Ulbricht was sentenced to life in prison in 2015 for charges related to drug trafficking and operating a criminal enterprise. The pardon has sparked reactions in the cryptocurrency community, with some celebrating the move as a victory for libertarianism and others expressing concerns about the implications for online security and law enforcement.
Silk Road founder Ross Ulbricht has been freed as President Donald Trump signed a pardon.President Trump has followed through on one of his key campaign promises — at least for those in the crypto community — pardoning the sentence of Silk Road founder Ross Ulbricht .
"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," Trump wrote on a Truth Social post. The move assures an imminent release for Ulbricht, who in 2015 was convicted of engaging in a continuing criminal enterprise and distributing narcotics, along with a host of related crimes, via his operation of the darknet Silk Road marketplace. He was sentenced to life in prison without the possibility of parole.for many in the crypto community who note he did not himself sell drugs or other illegal items but instead operated a platform where others were allowed to transact.
Another one of those promises was a far friendlier crypto regulatory stance, including the possibility of the creation of a strategic bitcoin reserve.Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
Trump Pardon Ross Ulbricht Silk Road Cryptocurrency Darknet
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