BTCUSDT: Trump Vows to Release Silk Road Founder Ross Ulbricht if Re-Elected
Former US President Donald Trump said if Iam re-elected I will free the Silkroad creator Ross Ulbruchit from 40 Year sentence, Now serving as 11 year in the prison from 2013. This Ulbrichit is the founder of Darknet and using illegal activities like Drug in the Dark side selling using Bitcoin in the 2011-2013. Then Trump said Current President Joe Biden makes slow poison for Crypto assets to death in slowly. When Iam re-elected I authorise Crypto assets as Legal and We are first Country to authorise Crypto regulations with proper manner, I oppose Central Bank Digital currency to come in the US and No CBDC in the US if Iam re-elected.
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During his appearance at the Libertarian National Convention in Washington, D.C., Donald J. Trump made a bold promise to the audience. If re-elected as president, he vowed to commute the life sentence of Silk Road founder Ross Ulbricht to time served. Trump emphasized his commitment, stating that on his first day back in office, he would ensure Ulbricht’s release, citing the 11 years Ulbricht had already served.
Prior to his convention speech, Trump took to social media platform Truth Social to express his support for the cryptocurrency industry. He highlighted his positive stance on cryptocurrency companies and their role in advancing technological innovation. Trump’s message contrasted sharply with what he described as President Joe Biden’s unfavorable view of the crypto industry, asserting that he would champion the sector’s growth and leadership if re-elected.
Trump’s announcement regarding Ulbricht’s potential release garnered enthusiastic cheers from the convention attendees, many of whom were holding signs advocating for Ulbricht’s freedom. Ulbricht, convicted in 2015 for creating and operating Silk Road, has been serving two consecutive life sentences plus 40 years, a sentence viewed by some as excessively harsh and a violation of his constitutional rights.
The crypto community, along with many Libertarians, considers Ulbricht’s case emblematic of governmental overreach. In 2018, the Libertarian Party urged then-President Trump to pardon Ulbricht, but no clemency was granted before Trump’s presidency concluded in January 2021.
President Trump
Trump’s remarks at the convention also included broader statements about cryptocurrency. He pledged to thwart Biden’s purported efforts to stifle crypto innovation and to promote the development of crypto and Bitcoin within the United States. Trump assured attendees of his support for the right to self-custody and reassured crypto holders that he would resist any attempts to regulate or interfere with their assets. This stance represented a significant shift for Trump, who had previously been skeptical of cryptocurrencies but has since become more supportive, even accepting crypto donations during his presidential campaign.
BTCUSDT: Trump Vows to Halt Biden’s Anti-Crypto Agenda, Safeguard Bitcoin, and Free Ross Ulbricht
During a recent address, former US President Donald Trump made a bold declaration regarding the fate of Silk Road creator Ross Ulbricht. Trump asserted that if he were to be re-elected, he would commute Ulbricht’s 40-year sentence, a penalty he has been serving for 11 years since 2013. Ulbricht, the mastermind behind the illicit activities on the Darknet, including the sale of drugs facilitated by Bitcoin between 2011 and 2013, has become a focal point for discussions on criminal justice reform and the intersection of technology and law enforcement.
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In addition to his stance on Ulbricht’s case, Trump criticized the policies of current President Joe Biden, accusing him of undermining the cryptocurrency industry. Trump characterized Biden’s approach as a “slow poison” aimed at stifling the growth of crypto assets. In contrast, Trump pledged to embrace and legitimize cryptocurrencies if re-elected, positioning the United States as a global leader in crypto regulation. He vowed to enact comprehensive regulations that would provide clarity and stability for the burgeoning crypto market.
Moreover, Trump reiterated his opposition to the introduction of a Central Bank Digital Currency (CBDC) in the United States. He emphasized his commitment to preserving the decentralized nature of cryptocurrencies and preventing the encroachment of government-controlled digital currencies. Trump’s stance reflects his belief in the importance of individual autonomy and limited government intervention in financial matters.
Overall, Trump’s statements underscore his vision for the future of the cryptocurrency landscape, emphasizing freedom, innovation, and responsible regulation.
Donald Trump, the 45th President of the United States and current presidential candidate, has unequivocally expressed his support for the cryptocurrency sector. During his address at the Libertarian National Convention in Washington, D.C., he outlined a series of promises aimed at safeguarding the interests of crypto holders and enthusiasts.
Trump began by asserting his commitment to counteracting what he termed as Joe Biden’s “crusade to crush crypto.” He pledged to thwart any attempts to stifle innovation in the cryptocurrency space and emphasized his dedication to ensuring that the future of crypto, including Bitcoin, remains rooted in the United States, rather than being driven overseas.
Furthermore, Trump affirmed his support for the right to self-custody, a fundamental principle cherished by many in the crypto community. He assured the nation’s 50 million crypto holders that under his leadership, their assets would be safeguarded from interference, particularly from figures such as Elizabeth Warren, whom he referred to as “her goons.” Additionally, Trump adamantly opposed the creation of a central bank digital currency (CBDC), vowing to prevent its establishment.
In a poignant moment, Trump announced his intention to commute the sentence of Ross Ulbricht, the founder of Silk Road, to time served if elected. Ulbricht, who has already spent 11 years behind bars, would be granted freedom under Trump’s presidency.
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Beyond crypto-related matters, Trump addressed broader issues of censorship and regulatory overreach. He outlined plans to combat censorship and restore free speech, promising to sign an executive order banning federal agencies from colluding to censor lawful speech. Trump also vowed to dismantle regulatory burdens and prevent Joe Biden’s proposed tax increases.
Trump’s pledges underscore his alignment with Libertarian principles and his commitment to championing individual freedoms and free-market ideals.
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