Ross Ulbricht released by Trump and its effects on crypto space :
Ross Ulbricht, the founder of Silk Road, has been granted a full pardon by Donald Trump, fulfilling a campaign promise made to the Libertarian movement. Ulbricht was serving multiple life sentences for operating the darknet marketplace, which facilitated over $200 million in illicit trade using Bitcoin.
This pardon has sparked controversy, with some viewing Ulbricht as a criminal mastermind and others seeing him as a victim of an overly harsh justice system The Silk Road was a notorious online marketplace that allowed users to buy and sell illicit goods and services using cryptocurrency.
Trump's decision to pardon Ulbricht is seen as a significant move in the crypto space, with some interpreting it as a sign of the administration's support for the cryptocurrency industry ⁴. The pardon has also sparked debate about the intersection of cryptocurrency and illicit activities.
In terms of the crypto future, Trump has expressed support for the industry and his administration has made moves to regulate and legitimize cryptocurrency However, the long-term implications of Ulbricht's pardon on the crypto space remain to be seen.
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