One of the first Bitcoin users and Silk Road founder Ross Ulbricht could soon get a pardon from the US president after operating a dark web site from 2011 to 2013 before he got arrested. In our latest BTC news, we take a closer look at what could happen to him next.
Silk Road was among the first companies to use BTC as a move to boost the asset’s use case. Now, President Donald Trump could grant clemency to Ross Ulbricht who was the founder and administrator of the darknet drug market Silk Road. At its price, the platform hosted thousands of sellers and transacted millions of dollars every day.
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Ulbricht was sentenced to life in prison without having the possibility of parole in 2015 after the jury took three hours to charge him guilty of seven charges like narcotics trafficking conspiracy, money laundering, and computer hacking.
Silk Road was an anonymous marketplace founded by Ulbricht in 2011 but became the favorite place for buyers and sellers of illegal narcotics because it allowed them to conduct businesses without getting discovered by authorities. Ulbricht allegedly oversaw Silk Road operations while the market grew into a $1.2 billion drug empire. The site even featured buyer ratings and money-back guarantees by using BTC for most of its lifespan.
The White House counsel’s office now reviewed documents that were related to Ulbricht’s case which added that Trump received pleas about the former computer scientist situation. There were two sources who said that Trump has “privately expressed sympathy for Ulbricht’s case” and if true, the former Silk Road operator could be released before Joe Biden comes to power.
With the final decision depending on Trump, sources suggest that Ulbricht gained a following after a few influential backers that have close ties to the current US president, formed a narrative that could help his case. These include the presidential advisers and criminal justice reform advocates that have close ties to the Trump administration and family or people with knowledge on the matter. One source, activist Weldon Angelos, a former music producer, and former prisoner, said that the fight for Ulbricht’s release was hastened back in February:
“I’ve had documents forwarded to my contacts in the White House as early as February.”
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