- Donald Trump commits to commuting Ross Ulbricht’s sentence, aligning with his pro-Bitcoin agenda if re-elected.
- Trump announced at Bitcoin Conference 2024, receiving support from attendees for pledging to pardon Ulbricht immediately.
At the Bitcoin Conference 2024 in Nashville, former President Donald Trump made a bold pledge to commute the sentence of Silk Road founder Ross Ulbricht if re-elected. Ulbricht, who has been incarcerated since 2013 for his role in operating the infamous darknet marketplace, has become a symbolic figure within the Bitcoin community.
JUST IN: Crowd goes absolutely nuts after Donald Trump vows to fire SEC Chairman Gary Gensler during the Bitcoin Conference in Nashville, Tennessee.
Trump was clearly taken aback at the crowd's reaction when he made the announcement.
"On day one, I will fire Gary Gensler and… pic.twitter.com/0CyOMaY6FY
— Collin Rugg (@CollinRugg) July 27, 2024
Trump’s announcement was met with approval from many attendees, highlighting his commitment to what he views as justice in this high-profile case. “Enough is enough!” Trump declared, promising swift action to pardon Ulbricht on his first day back in office. This move aligns with his broader campaign to promote a pro-Bitcoin agenda in the United States.
Trump: Today, I repeat my pledge to commute the sentence of Ross Ulbricht to a sentence of time served. It’s enough pic.twitter.com/GZOG8mH4cK
— Acyn (@Acyn) July 27, 2024
In addition to his promise regarding Ulbricht, Trump outlined comprehensive plans to position the U.S. as a global leader in cryptocurrency. His policy proposals include dismissing SEC Chairman Gary Gensler within the first 100 days of his administration, opposing the implementation of a Central Bank Digital Currency (CBDC), and protecting individual rights to self-custody digital assets.
"Never sell your #Bitcoin." – Donald J. Trumppic.twitter.com/Cusnkib64h
— Michael Saylor⚡️ (@saylor) July 28, 2024
An element of Trump’s cryptocurrency strategy is the creation of a Strategic National Bitcoin Reserve. He proposed that the U.S. government should consolidate its Bitcoin holdings to establish this reserve, aiming to secure 1 million Bitcoins over five years from excess Federal Reserve balance sheet items. Trump argued that this initiative would
