TRUMP PROMISES BITCOIN FANS TO PARD SILK ROAD FOUNDER ULBRICHT
Donald Trump, while addressing Bitcoin users, has once again promised to pardon Silk Road founder Ross Ulbricht. Trump called for Ulbricht’s release, emphasizing the historical impact of the Silk Road platform, which played a significant role in Bitcoin’s initial launch, in terms of digital payment systems. Ulbricht was arrested by the FBI in 2013 and sentenced to a long prison term for running the platform, which enabled the anonymous sale of illegal goods.
Trump argues that Ulbricht’s sentence is severe and argues that pardoning him would contribute to libertarian values. Many, especially in the cryptocurrency community, find Ulbricht’s sentence unnecessarily harsh, while others oppose this view on the grounds that it encourages illegal activities. With this promise, Trump is supporting cryptocurrencies, which he previously described as “risky,” while also seeking to gain votes from the crypto community. These developments point to a complex period in the interaction of crypto technologies with law and politics.
Trump’s statements continue to create debate in the crypto world, and Ulbricht’s fate continues to carry symbolic importance for the crypto community.
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References:
• Lee, Z. (2024). Trump pledges to free Silk Road founder Ross Ulbricht. CoinTelegraph.
• Blockonomi. (2024). Trump reaffirms commitment to free Ross Ulbricht, founder of Silk Road.