Why Trump Pardoned ‘Silk Road’ Founder Ross Ulbricht
On his second day back in office, President Donald Trump issued a full pardon to Ross Ulbricht, the founder of dark-web marketplace Silk Road. Trump had pledged to free Ulbricht as part of a raft of promises made to the cryptocurrency community while on the campaign trail.
Who is Ross Ulbricht?
Ulbricht was once better known by his online pseudonym “Dread Pirate Roberts” — a character from the film
The Princess Bride. In 2011, he founded Silk Road, an online exchange that
enabled users to anonymously buy and sell illegal goods and services with Bitcoin and other virtual currencies. During the two years it was in operation, more than $200 million worth of illicit activity flowed through the site, according to the Department of Justice.
What was Ulbricht convicted of?
Convicted in 2015, Ulbricht’s pardon was issued 11 years into his
double-life sentence without the possibility of parole for drug trafficking crimes, as well as conspiracy to commit computer hacking and money laundering. While prosecutors alleged he had also tried to arrange five murders to protect his business, the government said it didn’t believe any were carried out.
Why did Trump want Ulbricht freed?
Pardoning Ulbricht was an easy
opportunity for Trump to curry favor with the crypto industry and libertarian voters.