Silk Street creator Ross Ulbricht took to social media Thursday evening to challenge his first assertion after being granted a full pardon Wednesday, calling U.S. President Donald Trump “a person of his phrase.”
Ross Ulbricht Shares His First Phrases After Launch
Ulbricht, who based Silk Street in 2011, has been serving a life sentence for working the darknet market since 2015.
“Thanks a lot, President Trump, for giving me this superb alternative,” Ulbricht says in a video posted to X Wednesday. “I’m so, so grateful to have my life again, to have my future again, to have this second probability.”
pic.twitter.com/pbqRh9spnk
— Ross Ulbricht (@RealRossU) January 24, 2025
“There’s quite a bit to speak about, and I stay up for re-engaging with the free world,” Ulbricht stated, indicating he would take time within the fast future to reunite together with his household and start the therapeutic course of. “As soon as I’m feeling up for it,” he continued, “we’ll speak once more.”
How Bitcoiners Reacted to Trump’s Pardon
Members of the Bitcoin neighborhood have lengthy campaigned for Ulbricht’s freedom, with Bitcoin enjoying a important position in Silk Street’s historical past.
Lots of the illicit transactions utilized on Silk Street concerned Bitcoin, with a big share of cash presently within the U.S. authorities’s possession stemming from Ulbricht’s operation.
The Austin, Texas, native beforehand held $12 million value of Bitcoin earlier than it was finally seized by the Federal Bureau of Investigation (FBI).
Present estimates place the aforementioned Bitcoin stash at about $18 billion, which might have made Ulbricht one of many wealthiest males worldwide.
Although the federal authorities largely condemned the cryptocurrency’s utilization on the location, it marked one of many first instances digital property had been used as a commonplace forex and ushered in a wave of discourse over the position of digital finance and its relationship with the normal banking system.
The chief order releasing Ulbricht is only one of many signed by Trump since his inauguration on January 20.
“I simply known as the mom of Ross William Ulbricht to let her know that in honor of her and the Libertarian Motion… it was my pleasure to have simply signed a full and unconditional pardon of her son, Ross,” Trump stated in a January 21 Reality Social put up.
Members of the crypto neighborhood have expressed each optimism and skepticism of Trump’s relationship with digital property, although Bitcoin and different cryptocurrencies have rallied amid anticipated regulatory modifications affecting the sector within the U.S.
It’s unclear what position Ulbricht will play throughout the crypto business going ahead, if any.
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