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Market News

Trump Again Vows to ‘Save’ Silk Road Founder Ross Ulbricht

Donald Trump promises to “save” Ross Ulbricht on the 12th anniversary of his imprisonment, reviving discussions on Silk Road and Bitcoin.

Written By Ronak Kumar
Fact Checked by Dhara Chavda
Published 2024-10-03·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
Trump Again Vows to 'Save' Silk Road Founder Ross Ulbricht

On the 12th anniversary of Ross Ulbricht’s imprisonment, former President Donald Trump announced his promise to “save” Ulbricht, reigniting discussions around Ulbricht’s case and the controversial Silk Road marketplace. 

Trump made this statement on Truth Social, stating, “I WILL SAVE ROSS ULBRICHT!” This declaration has sparked renewed interest in Ulbricht’s story and its connection to Bitcoin.

Trump Vows to Save Ross Ulbricht on 12th Prison Anniversary
Source: Truth Social

Ulbricht’s situation has always stirred strong opinions. He founded Silk Road in 2011, an online marketplace that popularized Bitcoin for anonymous transactions, often linked to illegal activities. 

While it made Bitcoin widely known, it also gave the currency a reputation tied to crime. Ulbricht was arrested in 2013, with the FBI seizing his laptop, and he was sentenced to two life terms plus 40 years in 2015.

Trump’s commitment is not new; during the Libertarian National Convention in May 2024, he promised to commute Ulbricht’s life sentence if re-elected, earning cheers from attendees holding “Free Ross” signs. 

In response, Ulbricht tweeted, “Thank you. Thank you. Thank you… After 11 years in prison, it is hard to express how I feel at this moment.”

The crypto community remains divided over Trump’s promise. Some view it as a genuine effort for justice, while others see it as a strategy to gain support from libertarians and crypto enthusiasts ahead of the 2024 election.

Trump’s renewed support for Ulbricht aligns with his pro-crypto stance. At the same event, he criticized Senator Elizabeth Warren, stating he would “keep her and her goons away from your Bitcoin.” 

This shift marks a notable change from his previous negative views on cryptocurrencies, now embracing their potential as he aims for another presidential term.

Also Read: Trump Opens KYC for His Crypto Platform Amid ‘Scam’ Allegations

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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