#Trump pardons Silk Road founder#
Hot Topic Overview
Overview
President Trump signed several executive orders on his first day in office, but he did not mention Bitcoin or cryptocurrencies. Nevertheless, cryptocurrency policy leaders expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC) and establish a cryptocurrency commission. Furthermore, Elon Musk's social media comments about Ross William Ulbricht, the founder of Silk Road, receiving a presidential pardon have drawn widespread attention, and the odds of Ulbricht receiving a pardon on Polymarket have also risen significantly. While Trump did not mention Bitcoin in his inauguration speech, the market generally believes that Ulbricht's pardon will be granted in the short term.
Ace Hot Topic Analysis
Analysis
President Trump signed a series of executive orders on his first day in office, but made no mention of Bitcoin, the strategic reserve, or cryptocurrency. Nonetheless, cryptocurrency policy leaders expect Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC) and establish a cryptocurrency council. Meanwhile, Circle CEO Jeremy Allaire anticipates Trump will soon issue an executive order allowing banks to transact in cryptocurrency and offer cryptocurrency investment to high-net-worth clients. Additionally, Elon Musk's social media post suggesting that Silk Road founder Ross William Ulbricht would receive a presidential pardon garnered widespread attention. Polymarket bettors also believe there is a high probability of Trump pardoning Ulbricht within his first 100 days in office. While Trump didn't mention Bitcoin in his inaugural address, cryptocurrency seems to remain a priority for his administration.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order easing bank ownership of digital assets and supporting the development of cryptocurrency.
Trump may sign an executive order banning the creation of a central bank digital currency (CBDC).
Trump may pardon Silk Road founder Ross William Ulbricht.
Trump may sign an executive order establishing a cryptocurrency commission.