Categories: Cryptocurrency News

Silk Highway founder Ross Ulbricht receives full pardon from President Trump


Investing.com — U.S. President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founding father of the Silk Highway, an underground on-line market recognized for illicit commerce. Ulbricht, 40, was serving a life sentence for facilitating over $200 million in unlawful transactions utilizing bitcoin.

Ulbricht’s arrest in 2013 and subsequent sentencing in 2015 marked a big U.S. prosecution, coming just some years after the appearance of fashionable cryptocurrency. The Silk Highway platform was a hotspot for drug sellers and others partaking in illegal actions.

The presidential pardon, introduced on Tuesday, fulfills a marketing campaign promise made by the Republican president. In a press release on his social media platform, Reality Social, Trump criticized these concerned in Ulbricht’s conviction. He referred to them as “the scum” and linked them to what he described because the “modern-day weaponization of presidency” towards him.

This pardon clears Ulbricht of his costs, making it each full and unconditional, in line with President Trump’s assertion.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

admin

Share
Published by
admin

Recent Posts

Trump import taxes may fall heaviest on Midwest and Southeast, Richmond Fed says

By Howard Schneider WASHINGTON (Reuters) - New import taxes imposed or doubtlessly within the offing…

30 minutes ago

Trump 25% vehicle tariffs as a result of take impact 12:01 am ET April 3, Federal Register put up exhibits

WASHINGTON (Reuters) - U.S. President Donald Trump's 25% vehicle tariffs are as a result of…

1 hour ago

Gasoline costs rise to highest degree since September as oil hovers above $70 per barrel

Gasoline costs touched their highest degree since September on Wednesday as a costlier summer time…

4 hours ago

‘Pay premium’ for switching jobs hits post-pandemic low

The hole between pay raises for job changers versus job stayers simply hit its lowest…

5 hours ago

What could possibly be the financial harm?

The much-awaited 2 April—dubbed "Liberation Day" by the Trump administration – has arrived, with Washington…

5 hours ago

Trump tariffs might ship the S&P 500 to 4,450 and the financial system into recession

Hear and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever…

6 hours ago