GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Breaking News: Donald Trump Pardons Silk Road Founder Ross Ulbricht

Donald Trump Pardons Silk Road Founder Ross Ulbricht

The post Breaking News: Donald Trump Pardons Silk Road Founder Ross Ulbricht appeared first on Coinpedia Fintech News

United States President Donald Trump has granted a full pardon to Ross Ulbricht, the founder of the Silk Road online marketplace. Ulbricht was serving a life sentence after being convicted for running the platform, which facilitated over $200 million in illegal transactions, including drug sales, using Bitcoin. 

Trump shared the news on Truth Social, revealing that he personally called Ulbricht’s mother to inform her of the decision. The president said that the pardon was granted in honor of her and the libertarian movement, which had supported him. He also criticized those responsible for Ulbricht’s conviction and said “The scum that worked to convict him were some of the same lunatics who were involved in the modern day weaponization of the government against me.”

Background of Ross Ulbricht and Silk Road

Ross Ulbricht, born in 1984, created Silk Road, an online marketplace that operated on the dark web. His platform gained worldwide attention for enabling anonymous, unregulated trade in illegal substances, which ultimately led to his arrest in 2013. Ulbricht was convicted in 2015 on multiple charges, including conspiracy to traffic narcotics, money laundering, and computer hacking, receiving two life sentences without the possibility of parole.

Silk Road’s existence posed challenges to law enforcement, raising questions about digital privacy, free markets, and the balance between technology and regulation. Despite the illegal activities, Ulbricht’s supporters argue that his life sentence was excessively harsh, especially considering his lack of a prior criminal record.

The decision to pardon Ulbricht has sparked mixed reactions, with some praising Trump’s stance on criminal justice reform and others questioning the message it sends regarding accountability for illegal actions. Ulbricht’s case has been a major topic of debate for years, with many in the crypto and libertarian communities advocating for his release.

Latest Press

post-thumbnail
News
4 hours ago
Dexsport: An In-Depth GambleFi Platform Review
The post Dexsport: An In-Depth GambleFi Platform Review appeared first on Coinpedia Fintech News The...
READ MORE
post-thumbnail
News
4 hours ago
Trump Reveals $500 Billion AI Push with Stargate and Tech Giants
The post Trump Reveals $500 Billion AI Push with Stargate and Tech Giants appeared first on Coinpedi...
READ MORE
post-thumbnail
News
4 hours ago
Crypto Legislation in the US May Be Finalized by 2026, Says TD Cowen, But! 
The post Crypto Legislation in the US May Be Finalized by 2026, Says TD Cowen, But!  appeared first...
READ MORE
post-thumbnail
News
4 hours ago
Is the Ripple Lawsuit Ending? SEC to Hold First Closed Meeting with Acting Chair Mark Uyeda
The post Is the Ripple Lawsuit Ending? SEC to Hold First Closed Meeting with Acting Chair Mark Uyeda...
READ MORE
post-thumbnail
News
4 hours ago
Donald Trump Addresses TRUMP Memecoin’s Rise and Fall: ‘I Launched It, That’s All I Know
The post Donald Trump Addresses TRUMP Memecoin’s Rise and Fall: ‘I Launched It, That’s All I K...
READ MORE
post-thumbnail
News
4 hours ago
Coinbase to Delist USDT? Brian Armstrong Weighs New Regulatory Landscape
The post Coinbase to Delist USDT? Brian Armstrong Weighs New Regulatory Landscape appeared first on ...
READ MORE
post-thumbnail
News
4 hours ago
XRP Price Prediction For January 22
The post XRP Price Prediction For January 22 appeared first on Coinpedia Fintech News XRP has shown ...
READ MORE
post-thumbnail
News
4 hours ago
Breaking News: Donald Trump Pardons Silk Road Founder Ross Ulbricht
The post Breaking News: Donald Trump Pardons Silk Road Founder Ross Ulbricht appeared first on Coinp...
READ MORE
post-thumbnail
News
4 hours ago
Is Trump’s Meme Coin a Threat to Crypto’s Future? Pro-XRP Lawyer John Deaton Weighs In
The post Is Trump’s Meme Coin a Threat to Crypto’s Future? Pro-XRP Lawyer John Deaton Weighs In ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started