Trump Vows To 'Save' Silk Road Creator Ulbricht, Now 12 Years Into Sentence For Bitcoin-Fueled Dark Web Crimes
Portfolio Pulse from Aniket Verma
Former President Donald Trump has reiterated his promise to commute the sentence of Ross Ulbricht, the creator of the Silk Road darknet marketplace, if re-elected. Ulbricht is serving a double life sentence for his role in the illegal drug trade facilitated by Bitcoin transactions. Trump's statement is seen as an effort to gain support from Libertarian voters.
October 03, 2024 | 1:37 am
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NEUTRAL IMPACT
Bitcoin was heavily used in the Silk Road marketplace, which was shut down by the FBI. Trump's promise to commute Ulbricht's sentence may bring attention to Bitcoin's historical use in illegal activities, potentially affecting its perception.
The news highlights Bitcoin's historical association with illegal activities on Silk Road. While this may not directly impact Bitcoin's price, it could influence public perception and regulatory discussions.
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IMPORTANCE 40
RELEVANCE 50