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Trump Grants Clemency to Ross Ulbricht, Founder of Silk Road Online Market for Drugs


President Trump has granted a pardon to Ross Ulbricht, the creator of the Silk Road drug marketplace and a major figure in the cryptocurrency and libertarian communities. Ulbricht, who was sentenced to life in prison without the possibility of parole in 2015 for charges related to distributing narcotics on the internet, has been a symbol of controversy and debate in these circles. The Silk Road, which operated on the dark web and facilitated the sale of illegal drugs, generated over $200 million in revenue and more than 1.5 million transactions. Despite the serious nature of his crimes, Ulbricht has retained a following among cryptocurrency enthusiasts who see him as an early pioneer in the use of Bitcoin for transactions. His supporters have long campaigned for his release, using the slogan “Free Ross.”

President Trump’s decision to grant clemency to Ulbricht has been highly anticipated by the cryptocurrency community. After granting clemency to over 1,600 people charged in relation to the Jan. 6 Capitol riot, Trump’s supporters, including tech entrepreneur Elon Musk, had voiced hope that Ulbricht would also be pardoned. Ulbricht’s arrest in 2013 and subsequent sentencing in 2015 drew significant attention and criticism, with some arguing that the life sentence was overly harsh for a nonviolent crime. Despite the serious nature of his actions, the federal appeals court acknowledged that the sentence was within the range of permissible decisions.

Ulbricht’s pardon comes after years of advocacy and support from the cryptocurrency industry, as well as direct backing from President Trump during his campaign. Ulbricht’s supporters have hailed the decision as a victory for their cause, marking a moment of redemption for a controversial figure in the world of online drug markets and cryptocurrency.

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