CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinDesk 2025-01-21 07:43:52

Polymarket Bettors Certain Ross Ulbricht Pardon Is on Trump’s Agenda

President Donald Trump didn't mention bitcoin (BTC) during his inaugural speech and crypto was absent from his first batch of executive orders, but Polymarket bettors are confident a pardon for Silk Road founder Ross Ulbricht will be coming soon. A Polymarket contract asking who Trump will pardon in his first 100 days in office shot up to 99% after posts on X from Elon Musk, and Angela McArdle, chair of the Libertarian National Committee, said that a pardon for Ulbricht was in the works. Trump first promised to pardon Ulbricht during a campaign stop at the Libertarian National Convention last May. “If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump said during a speech last year. “He’s already served 11 years, we’re gonna get him home.” Ulbricht was sentenced to life in prison without the possibility of parole in 2015 for his role in the operation of the Silk Road marketplace, which pioneered the use of the dark web. Supporters of Ulbricht say that his sentence was disproportionately long for the crime. Elsewhere on the Polymarket pardon list is Roger Ver, an early bitcoin investor and bitcoin cash (BCH) advocate, who was indicted for tax fraud last April , and the market is giving a 32% chance of a pardon taking place in the first 100 days. Despite crypto playing a prominent part of Trump's campaign, Polymarket bettors are only giving a 43% of a crypto executive order , regarding the use, trading, or legal status of digital assets, happening in the first week.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.