Donald Trump has made good on his promise to pardon Ross Ulbricht, the founder of Silk Road, an underground website for selling drugs.
US President Donald Trump has pardoned Silk Road founder Ross Ulbricht. Ulbricht was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted over US$200 million in illicit trade using bitcoin. The Republican president made good on a campaign pledge to free Ulbricht, 40, who was arrested in 2013 and jailed in 2015 in what became a landmark US prosecution launched only a few years after the emergence of the popular cryptocurrency.
Trump's administration is expected to significantly reverse course on what had been a crackdown by regulators on the cryptocurrency sector during Democratic former president Joe Biden's tenure. Ulbricht's arrest brought to an end what prosecutors described as a global black market bazaar that for two years starting in 2011 was used by more than 100,000 people to buy and sell US$214 million worth of illegal drugs and other illicit services.
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