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What will be the impact on crypto markets following Ulbricht's commutation by February 28, 2025?
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Cryptocurrency market analysis reports
Story
Trump to Commute Silk Road Founder Ross Ulbricht’s Sentence Tomorrow
Jan 19, 2025, 07:56 PM
President-elect Donald Trump has reiterated his pledge to commute the sentence of Ross Ulbricht, the founder of the Silk Road dark web marketplace, on his first day in office, expected tomorrow. Ulbricht, who has been in federal custody since 2013, was convicted in 2015 of money laundering, computer hacking, and narcotics trafficking, and sentenced to life in prison. Trump initially made the promise during the Libertarian National Convention last May, where he stated, 'If you vote for me, on day one, I will commute the sentence of Ross Ulbricht.' In October, Trump declared emphatically, 'I WILL SAVE ROSS ULBRICHT!' The case has drawn widespread attention from advocates of criminal justice reform, cryptocurrency enthusiasts, and libertarian groups, who argue that Ulbricht's sentence is excessive for nonviolent offenses. Critics of the conviction have also pointed to misconduct by federal agents involved in the investigation. Trump’s commitment to this promise is being closely watched as he prepares to take office.
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