#Trump Pardons Silk Road Founder#
Hot Topic Overview
Overview
President Trump did not sign any cryptocurrency-related executive orders on his first day of his second term, nor did he mention Bitcoin or the Strategic Reserve. Despite this, some cryptocurrency policy leaders expect Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC) and an executive order establishing a cryptocurrency commission. Furthermore, although Trump did not mention Bitcoin or cryptocurrency in his inaugural address, Polymarket bettors believe Ross William Ulbricht, founder of the Silk Road, will soon receive a pardon. After a tweet by Elon Musk on X, a Polymarket contract asking who Trump would pardon within his first 100 days in office surged to 99%, with Angela McArdle, chair of the Libertarian National Committee, stating that Ulbricht's pardon is being planned.
Ace Hot Topic Analysis
Analysis
President Trump signed multiple executive orders on his first day in office, but did not mention Bitcoin, the Strategic Reserve, or cryptocurrency. While there were rumors that Trump would sign an executive order regarding cryptocurrency, it ultimately did not materialize. However, rumors about Trump pardoning Ross Ulbricht, the founder of Silk Road, gained traction. Elon Musk stated on social media that Ross would be granted a presidential pardon, sparking market expectations of Ross’s release. The prediction probability of Ross’s release on Polymarket also increased significantly, even reaching 99% at one point. Although Trump did not mention Bitcoin or cryptocurrency in his inaugural address, strong market expectations of Ross’s release suggest that Trump might take some policy measures related to cryptocurrency in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order to ease bank ownership of digital assets and support the development of cryptocurrencies.
Trump may sign an executive order prohibiting the creation of a central bank digital currency (CBDC).
Trump may pardon Silk Road founder Ross William Ulbricht.
Trump may sign an executive order to establish a cryptocurrency commission.