#Trump pardons Silk Road founder#
Hot Topic Overview
Overview
President Trump signed a number of executive orders on his first day in office, but there was no mention of Bitcoin, strategic reserve, or cryptocurrency. Nevertheless, the cryptocurrency community is looking forward to Trump’s crypto policies. Jeremy Allaire, CEO of Circle, expects that Trump will soon sign an executive order allowing banks to trade cryptocurrencies and abolish the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121. Additionally, Elon Musk’s statement on social media that Ross William Ulbricht, founder of Silk Road, would be granted a presidential pardon, has garnered much attention. The likelihood of Ulbricht’s release has risen sharply on Polymarket. Despite Trump's failure to mention Bitcoin in his inaugural address, Polymarket bettors believe that Ulbricht's pardon is imminent.
Ace Hot Topic Analysis
Analysis
President Trump signed a number of executive orders on his first day in office, but made no mention of Bitcoin or cryptocurrency, nor did he pardon Silk Road founder Ross Ulbricht. Despite this, some cryptocurrency policy leaders expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC) and establishing a cryptocurrency commission. Additionally, Circle CEO Jeremy Allaire expects Trump to soon sign an executive order making it easier for banks to hold digital assets. On the other hand, Elon Musk stated on social media that Ross Ulbricht would receive a presidential pardon, which caused the odds of Ross Ulbricht being pardoned on Polymarket to surge to 95%. Although Trump promised to pardon Ross Ulbricht during his campaign, it is unclear whether he will follow through with this pledge.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump will pardon Silk Road founder Ross William Ulbricht
Trump may sign an executive order easing bank ownership of digital assets
Trump may sign an executive order prohibiting the creation of a central bank digital currency (CBDC)
Trump may sign an executive order establishing a cryptocurrency council