The post Trump pledges support for convicted ‘silk road’s’ Ross Ulbricht appeared on BitcoinEthereumNews.com.

Former U.S. President Donald Trump intends to support ‘Silk Road’ founder Ross Ulbricht. Ulbricht received a life sentence in 2015 for running Silk Road. The marketplace, from 2011 to 2013, allowed users to buy illegal drugs and hacking tools using Bitcoin and other virtual currencies. Ulbricht is currently serving a life sentence for his role in operating the platform.  Trump has vowed to aid Ulbricht as part of his campaign to appeal to Libertarian voters, who have long advocated for Ulbricht’s release and view his case as an example of government overreach. The quadruple-indicted GOP candidate’s newfound endorsement of “all things related to” the cryptocurrency industry marks a shift from his previous skepticism. “I am very positive and open-minded to cryptocurrency companies and all things related to this new and burgeoning industry. Our country must be the leader in the field, there is no second place.” Donald Trump, former U.S. President In a 2021 interview with Fox Business, Trump — currently awaiting a verdict in a criminal hush money trial — advocated for the dominance of the U.S. dollar and called for strict regulation of digital currencies. But following Trump’s latest vocal support for the cryptocurrency industry, several Trump-themed meme coins have experienced a surge in value. Coins like the “MAGA” token have rallied as investors speculate that a Trump presidency could benefit the crypto sector. In another development, crypto investors who acquired Trump’s “Mugshot Edition” non-fungible tokens (NFTs) were offered the chance to dine with the former president at his Mar-a-Lago resort. This event further solidified Trump’s connections with the crypto community and highlighted his willingness to engage directly with industry participants. The dinner was part of the perks offered to holders of the Trump-branded NFTs, featuring his mugshot from his surrender at the Fulton County Jail in Georgia.…

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Filed under: News - @ May 26, 2024 4:06 pm