Trump Grants Full Pardon to Ross Ulbricht, Founder of Silk Road

Trump Grants Full Pardon to Ross Ulbricht, Founder of Silk Road
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Former U.S. President Donald Trump has issued a full and unconditional pardon for Ross Ulbricht, the founder of the Silk Road marketplace, in a significant move to support the cryptocurrency community. The decision came in fulfillment of an electoral promise Trump made to gain the support of voters from the Libertarian Party, which emphasizes civil liberties.

Details of the Pardon for Ulbricht

In a post on his social media platform, Truth Social, Trump announced the pardon for Ross Ulbricht, who was sentenced to life in prison in 2015 after being convicted of operating the Silk Road marketplace, one of the largest dark web markets for trading illegal goods via virtual currencies. The U.S. Department of Justice had confirmed that the site saw millions of dollars in illegal activities.

Trump and Cryptocurrency: Ongoing Support

During the 2024 election campaign, Trump has focused his strong support on the digital currency industry, pledging to simplify legislation regarding cryptocurrencies, support the legal framework for stablecoins, and work on advanced solutions such as a Bitcoin reserve.

Impact of the Pardon on the Cryptocurrency Industry

The pardon decision points to the increasing influence of the digital currency industry in the U.S. political landscape, as Trump's support for cryptocurrencies in the upcoming elections may help boost innovation and growth in this sector. If he wins the elections, this move could open new doors for greater global adoption of digital currencies.

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