Trump publicly stated at the Free Party National Convention held in Washington, D.C. on Saturday night that if he wins the 2024 U.S. presidential election, he will pardon Ross Ulbricht, the founder of Silk Road.
With the U.S. presidential election approaching, both the Democratic and Republican parties have recently expressed their intentions to appeal to cryptocurrency voters. Trump, during his speech at the Free Party National Convention in Washington, D.C., demonstrated strong support for the cryptocurrency market and criticized the Biden administration’s past stance on the cryptocurrency industry. Trump stated:
In addition, Trump emphasized that if elected president, he will protect the rights of the 50 million cryptocurrency holders in the United States and ensure that Elizabeth Ann Warren and her supporters will not have access to their bitcoins, and he will never allow the creation of a central bank digital currency.
One notable statement that caught the attention of the cryptocurrency market was Trump’s promise that if he wins the 2024 U.S. presidential election, he will reduce the life imprisonment of Silk Road founder Ross Ulbricht to the time already served. He stated:
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 being ordered to pay $183 million in restitution.
This verdict 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 severe 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 harsh, and that he was not directly involved in drug trafficking and violent crimes. Ross Ulbricht’s family and supporters have been advocating for his sentence reduction and pardon, 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 importance and support for the cryptocurrency industry, hoping to gain more support from cryptocurrency enthusiasts during the election campaign. Just hours before making the public commitment, Trump also publicly expressed his support for the cryptocurrency industry on the social media platform, Truth Social. He wrote:
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