Trump Fails to Pardon Ross Ulbricht on Day 1, Speculation Grows
President Donald Trump has failed to fulfill his campaign promise to pardon Ross Ulbricht, the founder of Silk Road, a darknet market that was shut down in 2013.
During his re-election campaign, Trump promised that he would “commute Ross Ulbricht’s sentence” on Day One if re-elected.
Elon Musk fuels speculation about Trump pardoning Ulbricht
As early as November, after Trump won the election, there was Strong rumors Trump will pardonUlbricht’s first day on the job. Still, talk of Ulbricht’s possible clemency hasn’t gone away.
Tech billionaire Elon Musk and Libertarian Party National Committee Chairwoman Angela McArdle commented on the matter, fueling speculation Pardon could still happen soon.
“Rose will also be released,” explain Musk on Twitter.
McArdle, an outspoken supporter of Ulbricht’s case, also believes Trump will follow through on his promises.
“Trump staff just confirmed to me that Rose’s pardon will be released later tonight or tomorrow morning,” Angela McArdle release.
Ulbricht was convicted for his actions Silk Road’s role in operating the web3 market On the dark web. The website uses cryptocurrency to facilitate the sale of drugs and other illegal goods. His case attracted widespread attention. many Advocate for Ulbricht’s releaseciting his lengthy sentence of two life sentences without the possibility of parole.
Although an official pardon has not yet been issued, the market strongly predicts that this will happen.
Prediction market platform Polymarket Trump is currently believed to have a 93% chance of pardoning Ross Ulbricht within the first 100 days of his second term. Polymarket allows users to predict the outcome of real-world events by buying and selling stocks.
Experts divided on Ulbricht’s verdict
Ulbricht’s supporters believed his sentence was too harsh. This is in light of his role in creating the platform, rather than directly engaging in illegal activity.
Still, the developments come as Trump disappoints the crypto industry when he omitted it from his inaugural priorities. Cryptocurrency advocates were not shocked by the omission, however, given Trump’s previous vocal support and his own memecoin project.
The FBI shut down the Silk Road market back in 2013 and confiscated 69,370 Bitcoins. These tokens are currently worth over $6 billion. Some have suggested that Trump might use this large sum of Bitcoin to fund the national Bitcoin reserve.
However, Biden authorizes sale of these funds before he left office last month.
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