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.

* 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 Supply In Loss Crosses Critical Threshold — Bullish Reversal Next?After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
Author  NewsBTC
2 hours ago
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
placeholder
Bulls Rout. Bitcoin Slumps Over 16% in a Week to Hit Bottom, Cryptocurrency Market Faces "Serial Liquidations"During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
Author  TradingKey
Jun 05, Fri
During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
placeholder
Bitcoin Suffers Year’s Strongest Waterfall-Style Decline. Will It Next Drop to the $60,000 Mark?During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Author  TradingKey
Jun 04, Thu
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
placeholder
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Author  FXStreet
Jun 04, Thu
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
placeholder
Bitcoin Price Forecast: BTC risks losing $70,000 as AI and chip rally steal the spotlightBitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
Author  FXStreet
Jun 01, Mon
Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
Live Quotes
Name / SymbolChart% Change / Price
BTCUSD
BTCUSD
0.00%0.00
ETHUSD
ETHUSD
0.00%0.00
DOGEUSD
DOGEUSD
0.00%0.00
SOLUSD
SOLUSD
0.00%0.00
BCHUSD
BCHUSD
0.00%0.00
AAVEUSD
AAVEUSD
0.00%0.00

Bitcoin Related Articles

  • Bitcoin Leverage And Margin Trading in 2026: The Ultimate Beginner's Guide
  • Gold vs Bitcoin 2026: Which Is the Better Investment?Best Hedge Asset Comparison
  • Best Strategies When BTC Price Drops: From Hedging to Accumulating
  • 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?

Click to view more