As Donald Trump begins his next term in the White House, the decision regarding Ross Ulbricht’s release, the founder of Silk Road, is closely monitored. Elon Musk, the CEO of Tesla and a close associate of Trump’s team, has confirmed that this decision is imminent.
Ulbricht’s Release Expected Soon
Despite not receiving an official word from Trump, Ross Ulbricht recalls Trump’s statement during last year’s presidential campaign: “If you vote for me, I will commute Ulbricht’s sentence on the first day.” Following his inauguration, Trump signed several executive orders in the Oval Office, leading many to speculate on Ulbricht’s impending pardon.
Musk has also confirmed Ulbricht’s release, stating, “Ross will be set free,” in response to a query on a social media platform.
Approval from a Tech Leader
Angela McArdle, chair of the Libertarian National Committee (LNC), indicated that Ulbricht could receive a presidential pardon within the next 24 to 48 hours. In a message on X, she stated, “President Trump’s team confirmed to me that Ulbricht’s pardon will be granted late tonight or tomorrow morning.”
Musk reiterated this information in a recent post, further boosting market optimism as Ulbricht has been imprisoned for 11 years.
Developments in the Crypto Sector
The overall crypto industry anticipated a crypto-related command from Trump on his first day, but no such developments have occurred yet. In response, varied reactions emerged; some experts recommend patience while others continue to express criticism.
Billionaire Mark Cuban critiqued the speculative nature of the TRUMP meme coin, suggesting it could tarnish the reputation of cryptocurrencies. As positive developments regarding Ulbricht’s pardon unfold, notable movements are also observed within the crypto market.
Ultimately, curiosity remains about Trump’s potential actions and their implications for the crypto sector. Ulbricht’s release could spark diverse debates in both cryptocurrency and legal circles.
