#Trump pardons Silk Road founder#
Hot Topic Overview
Overview
President Trump signed a series of executive orders on his first day in office, but made no mention of Bitcoin or cryptocurrencies. Nonetheless, the crypto community has high hopes for Trump’s crypto policies. Jeremy Allaire, CEO of Circle, expects Trump to soon sign an executive order that will ease bank ownership of digital assets. Meanwhile, Elon Musk’s tweet suggesting that Silk Road founder Ross Ulbricht would receive a presidential pardon sparked widespread attention, and the odds of Ulbricht’s release on Polymarket rose significantly. However, as of now, Trump has not signed any executive orders regarding Ulbricht’s pardon.
Ace Hot Topic Analysis
Analysis
President Trump signed several executive orders on his first day in office, but he did not mention Bitcoin or strategic reserves, nor did he mention cryptocurrency. Despite this, cryptocurrency policy leaders expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC), and an executive order establishing a cryptocurrency committee. Additionally, Circle CEO Jeremy Allaire expects Trump to soon issue an executive order allowing banks to trade cryptocurrency, and to make cryptocurrency investments available to high-net-worth clients. However, President Trump did not sign any executive orders regarding cryptocurrency on his first day, nor did he pardon Silk Road founder Ross Ulbricht. Nonetheless, Polymarket bettors are confident that Ulbricht’s pardon is coming soon, as Trump promised during his campaign that he would pardon Ulbricht on his first day if elected.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order to ease bank ownership of digital assets and repeal the U.S. SEC's Staff Accounting Bulletin (SAB 121)
Trump may sign an executive order to ban the creation of a central bank digital currency (CBDC)
Trump may sign an executive order to establish a cryptocurrency commission
Trump may pardon Ross William Ulbricht, the founder of the Silk Road