#Trump pardons Silk Road founder#
Hot Topic Overview
Overview
On his first day in office, President Trump did not sign any executive orders related to cryptocurrency, including a pardon for Ross William Ulbricht, the founder of Silk Road. While there were rumors that Trump would sign such orders, they ultimately did not materialize. Some cryptocurrency policy leaders expected Trump to sign an executive order banning the creation of a central bank digital currency (CBDC), but it is currently unclear when this might happen. Nonetheless, Polymarket bettors still believe that Trump will pardon Ross Ulbricht during his term, and believe there is a 99% chance he will be released within the first 100 days of Trump's presidency.
Ace Hot Topic Analysis
Analysis
President Trump signed a series of executive orders on his first day in office, but none of them mentioned Bitcoin or cryptocurrencies. Despite earlier rumors that Trump would sign an executive order on cryptocurrencies, that did not ultimately come to pass. Circle CEO Jeremy Allaire had predicted that Trump would soon sign an executive order allowing banks to trade cryptocurrencies and include them in their investment portfolios, but there has been no concrete news on that front. Additionally, Elon Musk sparked widespread attention when he stated on social media that Ross Ulbricht, the founder of Silk Road, would receive a presidential pardon. The odds of Ulbricht's release on Polymarket rose significantly as a result. While Trump did not mention Bitcoin in his inaugural address, Polymarket bettors believe that Ulbricht's pardon is coming soon.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump will pardon Silk Road founder Ross William Ulbricht on his first day in office
Trump will sign multiple executive orders on his first day in office, which may include policies regarding cryptocurrencies.
Trump may sign executive orders to allow banks to hold digital assets more easily and repeal SEC's SAB 121
Trump may sign an executive order prohibiting the creation of a central bank digital currency (CBDC)