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Trump’s Promise to Pardon Ross Ulbricht
Former President Donald Trump has made a promise to grant a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in November’s election. Trump made this announcement during the Libertarian Party’s National Convention in Washington on May 25.
Ulbricht’s Background and Sentencing
Ross Ulbricht, operating under the username “Dread Pirate Roberts,” founded Silk Road in 2011. The darknet market, known for its Bitcoin-based payment system, was shut down by the FBI in 2013. Ulbricht was subsequently convicted in 2015 and sentenced to two life terms plus forty years without parole.
Trump’s Pro-Crypto Stance
Aside from the pledge to pardon Ulbricht, Trump expressed support for cryptocurrencies and Bitcoin. He vowed to develop the future of digital assets within the United States and protect individuals who opt for self-custody of their crypto holdings.
Reactions and Discussions
Trump’s announcement regarding the potential pardon for Ulbricht has sparked debates within the crypto and legal communities. While some see it as a chance for redemption, others raise concerns about pardoning a convicted operator of an illegal marketplace.
Crypto’s Role in Politics
Cryptocurrencies are increasingly influencing politics. A well-funded PAC called Fairshake, supported by industry leaders, is targeting key Senate races to potentially impact the balance of power in Congress. Reports suggest that voters value candidates’ understanding of innovative technologies like AI and cryptocurrency.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
