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Market News

Trump Vows to Pardon Silk Road’s Ulbricht If Re-Elected

Trump vows to pardon Silk Road founder Ulbricht and boost US crypto policy if elected.

Written By Ezra Kaimenyi
Published 2024-05-27·Updated 2 years ago
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Trump Vows to Pardon Silk Road's Ulbricht If Re-Elected

At the Libertarian Party’s National Convention in Washington on May 25, former U.S. President Donald Trump announced his plan to pardon Ross Ulbricht, the creator of the Silk Road darknet market, if he wins the upcoming November election.

“If you vote for me, on day one, I will commute the sentence of Ross Ulbricht,” Trump  Declared. “He’s already served 11 years, we’re going to get him home.”

The notorious Silk Road marketplace, known for selling illegal items like drugs, was founded by Ross Ulbricht in 2011. In 2015, Ulbricht received two consecutive life sentences plus an additional 40 years.

The possible pardon is part of Trump’s larger appeal to the Libertarian Party and cryptocurrency community, highlighting his new digital asset approach.

Trump, who has recently embraced crypto more openly and even began accepting crypto donations for his campaign, promised to foster a crypto-friendly environment in the U.S.

He said, “I will support the right to self-custody, to the nation’s 50 million crypto holders I say this with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin.”

Trump vowed to end what he claimed was Joe Biden’s crusade against cryptocurrencies and protect individuals involved in the crypto business from excess regulation. This is quite a turnaround from his previous statements regarding digital assets.

Also Read: Trump, Biden Court Crypto Voters Ahead of 2024 Election

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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