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

  • Nearly $2 Billion Wiped Out in Crypto Liquidations Amid Brutal Sell-Off
  • * 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's Drop to $86K Approaches 'Max Pain' Zone, Yet Presents Potential Buying OpportunityAnalysts identify the $84,000 to $73,000 range as Bitcoin's likely "max pain" territory where capitulation may occur.
    Author  Mitrade
    Yesterday 03: 35
    Analysts identify the $84,000 to $73,000 range as Bitcoin's likely "max pain" territory where capitulation may occur.
    placeholder
    Whale Dump Meets Quantum Panic: Bitcoin Slips to $86,000 and Blows $220 Million LongsBitcoin fell below $87,000 on November 20, 2025, amid a storm of quantum security fears and $1.3 billion whale capitulation. In the process, it blew almost $220 million in long positions out of the wa
    Author  Beincrypto
    Yesterday 03: 11
    Bitcoin fell below $87,000 on November 20, 2025, amid a storm of quantum security fears and $1.3 billion whale capitulation. In the process, it blew almost $220 million in long positions out of the wa
    placeholder
    Even As Bitcoin's Price Falls, Michael Saylor Feels 'Indestructible'The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
    Author  Mitrade
    Nov 20, Thu
    The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
    placeholder
    Bitcoin Falls Below $90K: BitMine & Bitwise Executives Predict Market Bottom This Week​Bitcoin's recent drop below $90,000 may signal a market bottom, according to industry leaders.
    Author  Mitrade
    Nov 19, Wed
    ​Bitcoin's recent drop below $90,000 may signal a market bottom, according to industry leaders.
    placeholder
    Bitcoin slides deeper into red as bears lean on $96,600 wall and eye $90,000Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.
    Author  Mitrade
    Nov 17, Mon
    Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.

    Bitcoin Related Articles

    • Trading Chart Patterns:Ultimate Guide to Price Action
    • How to Day Trade Crypto? Simplest Day Trading Strategy Ever
    • 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
    • Top 10 Bitcoin Mining Apps for Android & iOS During 2024
    • How To Buy Bitcoin In Malaysia? Top 7 Best Crypto Exchanges & Trading Apps

    Click to view more