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HomeCrypto NewsMarketElon Musk Assures Silk Road Founder Will Receive Trump’s Presidential Pardon

Elon Musk Assures Silk Road Founder Will Receive Trump’s Presidential Pardon

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Elon Musk has disclosed that Ross Ulbricht, the founder of the Silk Road marketplace, will receive a pardon from President Donald Trump. 

Musk made the statement on X in response to a user advocating for Ulbricht’s release. He replied, “Ross will be freed too,” highlighting Trump’s commitment to pardoning Ulbricht.

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Ulbricht, who received a life sentence in 2015 for his role in running Silk Road, a Bitcoin-based payment system, has served over a decade years in prison. He was convicted of enabling illegal activities through the platform.

Over the years, Ulbricht has pursued self-improvement by engaging in educational programs and advocating for his release. In a May 27 post, he thanked Trump for promising clemency and reflected on the emotional impact of the news. Ulbricht acknowledged his supporters’ unwavering efforts and hoped for a second chance.

High Confidence in Ulbricht’s Release

Notably, Polymarket traders show a 99% confidence level that Ulbricht will receive a pardon from Trump during his initial 100 days in office. This overwhelming belief stems from speculative bets to gauge public sentiment.

The prediction market also highlights other potential pardons, including Steve Bannon (54%), Eric Adams (38%), early Bitcoin investor Roger Ver (32%), and Julian Assange (22%). 

While no other figures on the list approach Ulbricht’s level of certainty, his case continues to draw attention within the crypto community. 

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Speculation about his release
Speculation about Ross Ulbricht release

Crypto Absent From Trump Orders

Meanwhile, despite initial speculation about crypto-focused initiatives, President Trump’s first day in office did not include executive orders addressing cryptocurrency.

Instead, his administration prioritized immigration reform, energy policies, and restructuring federal operations. Notably, his inaugural speech did not mention cryptocurrency, leaving the crypto community uncertain about the administration’s direction.

Before the inauguration, there were rumors that Trump might make bold moves related to crypto, including recognizing it as a national priority or establishing a Bitcoin reserve. However, these expectations did not materialize, raising questions about how crypto policy will develop under the new administration.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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