Donald Trump Did The Right Thing By Freeing Ross Ulbricht
Follow Aaron on Nostr or X. Technically, Donald Trump broke his campaign promise by not freeing Silk Road founder Ross Ulbricht on day one of his presidency. (No, inauguration day is not “day zero.”) But as I explained i...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Technically, Donald Trump broke his campaign promise by not freeing Silk Road founder Ross Ulbricht on day one of his presidency. (No, inauguration day is not “day zero.”) But as I explained in my previous Take, I wasn’t expecting a literal first day pardon anyways. Even day two exceeds my expectations. Trump delivered, and I’m very glad he did.
When I first heard about Silk Road in early 2013, I was immediately intrigued by the concept of buying and selling drugs anonymously online. To this day, I think darknet markets are the best intermediary step before the war on drugs is ended: It removes dealers from street corners while providing users some level of quality assurance through a public rating system.
Discovering Silk Road was also how I first learned about Bitcoin. I started writing about the digital currency a few months later, and am still at it today. In a way, I owe my career to Ulbricht.
That Ulbricht was sentenced to spend the rest of his life in prison was a miscarriage of justice in my view. Even if you believe he is guilty of everything he’s been convicted of (all non-violent crimes), over a decade behind bars should be long enough.
To be sure, I don’t believe Trump actually cares about Ulbricht; he could have freed him during his first term if that was the case. And Trump certainly has no intent of ending the war on drugs; if anything, he’s about to escalate it by designating cartels to be terrorist organizations and imposing the death penalty on drug dealers. Trump promised to pardon Ulbricht because that would benefit him politically — but to his credit, he kept his word.
Ross is finally free. Well done President Trump, and everyone else who helped make this happen.
This article is a Take. Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
PayPal elevates crypto to core business unit as new CEO sets revenue targets across three divisions
PayPal's crypto focus signals a strategic shift, potentially reshaping digital finance and influencing broader market adoption and...
Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit
Bitcoin Magazine Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit Rallied by the recen...
Warren and Blumenthal Ask SEC to Investigate Trump’s Memecoin as Clarity Act Stalls Over Ethics
Senators Elizabeth Warren and Richard Blumenthal asked the Securities and Exchange Commission on Monday to investigate $TRUMP, the...
After suffering a brutal $265 million mass exit, seven different Bitcoin ETFs simultaneously roar back to life
U.S. spot Bitcoin ETF inflows rebounded to $170.1 million on Aug. 3 after a $265.4 million net outflow in the previous trading ses...
Did Bitcoin bridge Boltz silently warn of a government takeover?
Bitcoin bridge Boltz, which recently suspended its services after repeated attacks from AI-powered hackers, has come under fire af...
Ripple’s MiCA License Opens Crypto Payments Across 30 European Markets Under One Framework
Key Takeaways: Ripple received full authorization from Luxembourg’s CSSF for its MiCA. The license allows for regulated crypto pay...