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HomeCrypto NewsMarketSilk Road Founder Ross Ulbricht Walks Free as President Trump Grants Pardon

Silk Road Founder Ross Ulbricht Walks Free as President Trump Grants Pardon

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Moments after a pardon by U.S. President Donald Trump, Silk Road’s Ross Ulbricht has been seen walking free from prison.

Trump announced the pardon on his Truth Social platform, revealing that he had personally informed Ulbricht’s mother about the decision. This came only a day after confirmation by Elon Musk that Ulbricht would secure the promised presidential pardon.

Notably, Trump issued a full and unconditional pardon for Ulbricht, creating a flurry of excitement among Ulbricht’s supporters.

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Trumps statement for Ulbrichts release
Trumps statement for Ulbrichts release

Ulbricht, who was convicted in 2015 on multiple charges, including conspiracy to commit drug trafficking, money laundering, and computer hacking, was sentenced to life in prison. His platform, Silk Road, facilitated anonymous transactions using Bitcoin, allowing users to trade illicit goods, notably drugs. 

Political Support and Libertarian Advocacy

Trump’s decision to pardon Ulbricht aligns with previous remarks he made at the Libertarian National Convention, where he hinted at clemency. The Libertarian Party had long championed Ulbricht’s release, viewing his case as a prime example of government overreach. Their advocacy emphasized concerns over excessive sentencing and the broader implications for digital privacy.

Trump’s statement on Truth Social also included criticisms of those involved in Ulbricht’s prosecution. He accused them of being part of broader efforts against him, likening their actions to what he described as political weaponization of government institutions.

Meanwhile, Republican congressman Thomas Massie, a known Trump ally, expressed gratitude for the decision. Massie had been among those advocating for Ulbricht’s freedom, citing concerns about the severity of his sentence.

Other political figures supporting the move also highlighted their opposition to what they described as disproportionate punishment in similar cases. Notably, the decision follows an earlier assurance by Tesla CEO Elon Musk, who stated that Ulbricht would be freed.

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Musk’s Influence and Ulbricht’s Reaction

Musk’s involvement in the matter gained attention when he responded to a social media post urging Ulbricht’s release. He affirmed that Trump would grant the pardon, reinforcing speculation that had circulated in political and crypto circles.

Before the announcement, Ulbricht acknowledged his supporters and reflected on his experience. In a post on X from May 27, 2024, he expressed appreciation for those who had campaigned for his release and recognized Trump’s role in fulfilling his promise.

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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