As Donald Trump begins his next term in the White House, everyone is closely following the decision to release Silk Road marketplace founder Ross Ulbricht. Tesla CEO Elon Musk, who has close relations with the Trump team, announced that he confirmed this decision.
Ulbricht’s Release Is Expected
Silk Road founder Ross Ulbricht has not received official release news from Trump. During last year’s presidential campaign, Trump said, “If you vote for me, I will commute Ulbricht’s sentence on day one.”
Trump signed several regulations in the Oval Office after the inauguration, and everyone expects Trump to pardon Ulbricht from prison. Trump’s close colleague and tech billionaire Elon Musk confirmed that Ulbricht would be released.
“Ross will be released,” Elon Musk said in response to a post on a social media platform.
Approval from the Technology Leader
Angela McArdle, chair of the Libertarian National Committee (LNC), announced that Ross Ulbricht could receive a presidential pardon within the next 24 to 48 hours. McArdle said in a message on the X platform:
“President Trump’s team confirmed to me that Ulbricht’s pardon will be granted later tonight or tomorrow morning.”
Elon Musk also confirmed the same information in his last X post on the same subject, and this increased market optimism. Ulbricht has been in prison for 11 years.
Developments in the Crypto Industry
While the overall crypto industry was expecting a crypto command on Trump’s first day, no such development has happened yet. There were different reactions to this situation. While some experts recommend patience in the industry, some continue to criticize.
Billionaire investor Mark Cuban criticized the TRUMP meme coin, stating that it is speculative and could tarnish the reputation of cryptocurrencies.
While the positive developments regarding the pardon of Sekülka Ulbricht continue, there are remarkable movements in the cryptocurrency market.
In the end, other possible moves Trump will make and their impact on the crypto industry remain a matter of curiosity.
Ulbricht’s release may bring about various discussions in the field of cryptocurrency and law.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
