US President Donald Trump pardoned it founder the underground trading platform “Silk Road”. He has just Ross Ulbrichts mother called to inform her of her son’s pardon, Trump wrote on his online mouthpiece Truth Social. Ulbricht was sentenced to life imprisonment in 2015.
The online platform “Silk Road” was used, among other things Sells drugs, hacker software and fake ID documents. The platform is also intended for other illegal activities such as Money laundering have been used. All of these were charges against Ulbricht.
With the pardon, Trump has a Campaign promises fulfilled. He had sought support from the crypto industry and in return received significant campaign donations from influential players. Ulbricht enjoys enormous popularity in crypto circles as the platform was one of the first to demonstrate the practical use of the digital currency Bitcoin in trading. His supporters ran with the slogan “Free Ross” attention to Ulbricht’s case.
Trump with good connections to the crypto industry
Trump has also promised Relaxing regulations for cryptocurrencies and promote the industry. Since his election victory, the Bitcoin price has risen sharply as investors hope that his policies will create a crypto-friendly environment.
A U.S. president may shorten the sentences of perpetrators convicted under federal law or pardon them entirely. In Ulbricht’s case, Trump described the public prosecutor’s office as a “pack” and “fanatic,” and he also drew a connection to his own legal problems, which he had repeatedly portrayed in the past as the result of a politically motivated “witch hunt” against him.