Donald Trump Pardons Silk Road Creator Ross Ulbricht

On Jan. 21, Donald Trump said he had signed a full and unconditional pardon for Ross Ulbricht, who operated the dark web marketplace Silk Road.

“I just called the mother of Ross William Ulbricht to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross,” he stated on his social media platform Truth Social on Jan. 22.

Trump continued to add that “the scum that worked to convict him were some of the same lunatics who were involved in the modern-day weaponization of government against me. He was given two life sentences, plus 40 years. Ridiculous!”

Ross Ulbricht has been freed by President Trump with a full pardon! Thank you for keeping your word to me and others who have been advocating for Ross’ freedom, Mr. President! #freeRoss pic.twitter.com/wOJVFX1DaA

— Thomas Massie (@RepThomasMassie) January 22, 2025

Ross Ulbricht Finally Free

The Silk Road founder was serving a life sentence after being convicted of running an underground online marketplace that was used by drug dealers to conduct illicit sales using Bitcoin.

Ulbricht created and operated Silk Road, one of the first modern darknet markets, from 2011 until his arrest in 2013. The site worked on the Tor network and used crypto for transactions, allowing users to buy and sell goods anonymously.

Ulbricht, who used the pseudonym “Dread Pirate Roberts” (DPR), was an ardent libertarian who believed in free market principles and opposed drug prohibition laws.

He was convicted in May 2015 on seven charges, including distributing narcotics, computer hacking, conspiracy, and money laundering. He received two life sentences plus 40 years without the possibility of parole.

“I wanted to empower people to make choices in their lives and have privacy and anonymity,” Ulbricht said at his sentencing hearing.

Supporters have long advocated for clemency, arguing his sentence was disproportionately harsh and that Silk Road reduced violence in the drug trade by moving it online.

Waiting on Crypto EOs

Trump had announced plans to commute Ulbricht’s sentence in May during a speech at the Libertarian National Convention.

“Thanks to President Trump for keeping his word to end Ross’s unjust sentence by granting him a full and unconditional pardon. Prayers have been answered for Ross, Lyn (his mother), and all their family and friends. So happy for them!” commented former Congressman Justin Amash.

The crypto community is still waiting with bated breath for Trump to sign executive orders relating to the industry and pro-crypto regulations. He has been silent on the subject so far.