According to The Block , U.S. presidential candidate Donald Trump gave a speech over the weekend (5/25), saying that if elected he would commute the sentence of Silk Road founder Ross Ulbricht, and mentioned cryptocurrency again. He declared on the social platform that he is "very active and open to cryptocurrency companies and everything related to this industry. The United States must become a leader in this field."
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ToggleSentence commuted for Silk Road founder Ross Ulbricht
Silk Road (Siik Road) was once the most valuable e-commerce platform on the Dark Web. It was created by Ross Ulbricht in 2011. The website was taken offline by the FBI in 2013 due to drug trafficking, and Ulbricht He was sentenced to life imprisonment without the possibility of parole for conspiracy to distribute drugs and conspiracy to launder money.
At the end of last year, the U.S. court determined that Silk Road’s huge amount of cryptocurrency, including 69,370 Bitcoins, and other cryptocurrencies BITCOIN GOLD (BTG), BITCOIN SV (BSV), and BITCOIN CASH (BCH) would be confiscated.
According to a report by the US media Daily Beast in 2020, Trump considered commuting or pardoning Ulbricht's sentence before leaving office during his last presidential term, but ultimately took no action.
Trump again expresses support for cryptocurrencies
Trump recently announced that he would begin accepting cryptocurrency donations and said that he would reduce regulation and advocate financial technology innovation. MAGA supporters will build a cryptocurrency army to promote victory in the election campaign on November 5!
In this speech, Trump once again mentioned cryptocurrency. Trump promised to stop Biden's crusade to crush cryptocurrency by ensuring that the future of cryptocurrency will not be pushed overseas and support self-custody. and preventing the development of CBDC. He declared:
I say to the 50 million cryptocurrency holders across the country: With your vote, I will keep Elizabeth Warren and her thugs away from your Bitcoin.
Trump expressed his support for cryptocurrency on the social platform Truth just before his speech.
I am very active and open to cryptocurrency companies and everything related to this emerging industry. Our country must be a leader in this area.
