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Home ยป Trump Promises to Pardon Founder of Silk Road if Elected! He Criticizes Biden Administration for Enabling “Slow Death” of Cryptocurrency Industry
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Trump Promises to Pardon Founder of Silk Road if Elected! He Criticizes Biden Administration for Enabling “Slow Death” of Cryptocurrency Industry

May. 26, 20243 Mins Read
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Trump Promises to Pardon Founder of Silk Road if Elected! He Criticizes Biden Administration for Enabling "Slow Death" of Cryptocurrency Industry
Trump Promises to Pardon Founder of Silk Road if Elected! He Criticizes Biden Administration for Enabling "Slow Death" of Cryptocurrency Industry
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Trump publicly announced at the Libertarian National Convention held in Washington, D.C. on Saturday night that if he wins the 2024 U.S. presidential election, he will pardon Silk Road founder Ross Ulbricht. The upcoming U.S. presidential election has prompted both the Democratic and Republican parties to express interest in appealing to cryptocurrency voters. During his speech at the Libertarian National Convention, Trump demonstrated strong support for the cryptocurrency market and criticized the Biden administration’s past attitude towards the industry. Trump emphasized that if elected president, he would protect the rights of the 50 million cryptocurrency holders in the United States and ensure that Elizabeth Ann Warren and her supporters would not interfere with their Bitcoin. He also stated that he would never allow the creation of a central bank digital currency. Another statement that caught the attention of the cryptocurrency market was Trump’s promise to commute the life sentence of Silk Road founder Ross Ulbricht if he wins the 2024 U.S. presidential election. It is understood that Ross Ulbricht founded Silk Road in 2011, a platform filled with illegal goods such as drugs, child pornography, and assassins, which earned him a fortune of $1.2 billion in just two years. Ross Ulbricht was eventually arrested in October 2013 and sentenced to life imprisonment without parole in 2015, along with a $183 million fine. This sentence sparked widespread controversy in society at the time, with Ross Ulbricht becoming a “martyr” in the eyes of many cryptocurrency enthusiasts and libertarians who believed that his harsh sentence was an overreach of government power and a violation of his constitutional rights. In 2018, many supporters argued that Ross Ulbricht’s sentence was too severe and that he was not directly involved in drug trafficking or violent crimes. Ross Ulbricht’s family and supporters have been advocating for his sentence to be reduced and for him to be pardoned, believing that he should be allowed to reintegrate into society. Trump: Biden wants the slow death of the cryptocurrency industry! In recent months, Trump’s attitude towards cryptocurrencies has significantly changed, publicly expressing support for cryptocurrencies on multiple occasions and becoming the first major party presidential candidate to accept cryptocurrency donations. These actions demonstrate his seriousness and support for the cryptocurrency industry, hoping to gain more support from cryptocurrency enthusiasts in the election. Just hours before making his public commitment, Trump also publicly declared his support for the cryptocurrency industry on the social media platform Truth Social. He wrote: [Image] [Image] Related reports: Ethereum Cancun upgrade latest progress: Devnet 12 to launch, project process, network specifications What is EIP-3074, which is included in the Ethereum Prague upgrade, achieving account abstraction? What impact will it have on wallets and DApps? Latest ACDE meeting for Ethereum: Dencun upgrade went very smoothly! What improvements will the next Pectra upgrade bring?

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