The release of Ross Ulbricht, founder of the infamous Silk Road marketplace, appears to be getting closer. The crypto community has been calling for his release for years, arguing that his sentence is disproportionately harsh.
Now none other than Elon Musk has confirmed on X that Ulbricht will be released soon. Sources say former President Donald Trump is expected to announce an official pardon within 24 to 48 hours.
Wat was Silk Road?
Silk Road was an online marketplace on the dark web, founded by Ross Ulbricht in 2011. The platform became infamous for trafficking illegal goods such as drugs, weapons and counterfeit documents. Transactions took place with Bitcoin (BTC), ensuring anonymity. In 2013, the FBI shut down the marketplace and Ulbricht was arrested. He was sentenced to two life terms plus 40 years in prison without the possibility of parole. His case has since been seen as an important symbol in discussions about privacy, internet freedom and crypto regulation.
What does Ulbricht’s release mean?
During his election campaign, Trump promised to review Ulbricht’s sentence if he were re-elected. Now that Trump has once again moved into the White House, the crypto community is eagerly awaiting official confirmation. The big question is whether Ulbricht will receive a full pardon or just a reduced sentence. Both scenarios would have great symbolic significance for the crypto and privacy movement.
A new direction for crypto under Trump?
Trump remains a controversial figure, but one thing is clear: his new term promises to be interesting for the crypto world. During his campaign, he pledged to ease regulation of crypto and promote its adoption.
His personal involvement in crypto is also striking. Trump not only launched his own memecoin, but also invested $48 million in Ethereum (ETH) through his crypto initiative World Liberty Finance. These types of developments indicate that the former president is becoming increasingly active in the crypto sector.
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Source: https://newsbit.nl/elon-musk-bevestigt-silk-road-oprichter-krijgt-gratie-van-trump/
