From The Oval Office To The Dark Web: Trump Pledges Help To Notorious Silk Road Boss

Mitrade
Trending Articles
coverImg
Source: DepositPhotos

Former President Donald Trump made a surprise appearance at the Libertarian Party convention on Saturday, where he called for the commutation of Ross Ulbricht’s sentence, the founder of the Silk Road online marketplace. The move is seen as an attempt by Trump to broaden his support ahead of the 2024 presidential election and neutralize the threat from third-party candidates.


Trump: Pro-Cryptocurrency Stance


In his speech, Trump positioned himself as a pro-cryptocurrency candidate, emphasizing his positive view of cryptocurrency companies and the potential for the US to become a leader in the field. He pledged to appoint Libertarians to his Cabinet and other senior administration posts if elected.


Ulbricht, who is serving a life sentence for running Silk Road, is considered a martyr by many Libertarians. His call to commute his sentence resonated with the crowd, with many attendees wearing “Free Ross” signs.


Crypto Regulation Debate


The former president’s embrace of pro-crypto policies contrasts with the stance of many Republicans and Democrats, who have called for increased oversight of the industry in the wake of the collapse of FTX. Trump’s potential appointee for a top administration job, Vivek Ramaswamy, has advocated for deregulation of the cryptocurrency industry.

His address to the Libertarian convention was an unusual move, given that the party plans to nominate its own presidential and vice presidential candidates. Libertarians do not intend to endorse Trump or partner with him, but he believes their support is crucial to secure their consistent 3% voter base.


Kennedy’s Independent Bid


The former commander-in-chief’s appearance at the convention comes a day after Robert F. Kennedy Jr., who is running an independent bid, also addressed the gathering. Kennedy’s bid threatens to peel away votes from both major party candidates, and Trump has been targeting him in an effort to minimize the impact of his candidacy.


Legal Challenges


His speech comes amid his ongoing legal challenges, including a hush-money payments trial that could result in a verdict next week. Despite these challenges, a recent poll shows him leading President Joe Biden among voters in seven swing states.


Trump’s appearance at the Libertarian convention and his call to commute Ulbricht’s sentence highlight his efforts to broaden his support base and appeal to Libertarian voters.


His pro-cryptocurrency stance and his unusual move of addressing the convention reflect his willingness to engage with groups outside the traditional Republican base. As the 2024 presidential election approaches, Trump’s strategies and the impact of third-party candidates will continue to shape the political landscape.

Read more

  • Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions think
  • Trump’s Tariff Ruling Lands Today: Market to Rise or Fall — The Decision Will Tell
  • After Upheaval in the World’s Largest Oil Reserve Holder, Who Will Emerge as the Biggest Winner in Venezuela’s Oil Market?
  • Gold Price Forecast: XAU/USD declines to near $4,450 as safe-haven demand eases
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    Bitcoin Trader Sticks to $76K Target as Early 2026 Rebound Loses MomentumBitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
    Author  Mitrade
    23 hours ago
    Bitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
    placeholder
    Bitcoin Price Slides Despite ‘Very Bullish’ MSCI Update: What Happened?MSCI's new rules limit passive investment demand for newly issued shares, impacting Bitcoin-linked companies' fundraising strategies.
    Author  Mitrade
    Jan 08, Thu
    MSCI's new rules limit passive investment demand for newly issued shares, impacting Bitcoin-linked companies' fundraising strategies.
    placeholder
    Bitcoin Encounters Major Sell Wall at $95K as BTC Underperforms GoldBitcoin encounters resistance near $95,000, threatening its upward momentum despite weekly support at $93,500 holding strong.
    Author  Mitrade
    Jan 07, Wed
    Bitcoin encounters resistance near $95,000, threatening its upward momentum despite weekly support at $93,500 holding strong.
    placeholder
    Bitcoin Buying Metric With 109% Average Gains Turns Bullish at $88KInstitutional buying of Bitcoin has surpassed miner supply, driven by renewed investment interest.
    Author  Mitrade
    Jan 06, Tue
    Institutional buying of Bitcoin has surpassed miner supply, driven by renewed investment interest.
    placeholder
    U.S. to freeze and take control of Venezuela's Bitcoin holdings after Maduro captureThe United States is allegedly moving to freeze and take control of Bitcoin held by Venezuela after the capture of Nicolás Maduro, who is now facing narco-terrorism charges in a federal court in New York. Crypto prices began to rally right after the news broke, as Cryptopolitan earlier reported that Bitcoin led the gains to […]
    Author  Cryptopolitan
    Jan 06, Tue
    The United States is allegedly moving to freeze and take control of Bitcoin held by Venezuela after the capture of Nicolás Maduro, who is now facing narco-terrorism charges in a federal court in New York. Crypto prices began to rally right after the news broke, as Cryptopolitan earlier reported that Bitcoin led the gains to […]

    Bitcoin Related Articles

    • How to Day Trade Crypto? Simplest Day Trading Strategy Ever
    • Bitcoin Price Prediction 2026-2030: Long-Term Outlook Driven by Data & Macro Cycles
    • Bitcoin Mining Beginner Guide: What Is Bitcoin Mining and How to Mine Bitcoin?
    • Trading Chart Patterns:Ultimate Guide to Price Action
    • Places that Provide Cheapest Ways to Buy Bitcoin In 2025
    • 10 Best Crypto With Most Potential to Buy and invest in 2025 - Top Picks from Expert Traders

    Click to view more