On Wednesday, the price of bitcoin jumped to more than $104,000, following Donald Trump’s announcement of a presidential pardon for Silk Road and bitcoin-libertarian folk hero R

Cryptocurrency enthusiasts welcomed President Trump’s pardoning of Ross Ulbricht, who had been serving a life sentence without parole for running underground drug bazaar Silk Ro

The move fulfilled a long-sought dream of the overlapping libertarian and crypto communities, who Trump courted on the campaign trail last year. "I just called the mother of Ross

Ross Ulbricht, known for creating the Silk Road website, was sentenced to life in prison in 2015. The site, accessible only through Tor, allowed anonymous purchases of illegal goods using Bitcoin. President Trump recently pardoned Ulbricht, sparking discussions within the crypto community.

On his second day back in office, US president Donald Trump issued a full pardon to Ross Ulbricht, the founder of dark-web marketplace Silk Road.

Silk Road founder Ross Ulbricht is free after President Donald Trump pardoned him. But who is he and what did he do?

Ulbricht, 40, was about 10 years into his life sentence for helming an online black market where drug dealers, money launderers, and traffickers used bitcoins to mask more than $214 million in illicit trades. (Ars thoroughly documented the Silk Road saga here .)

President Donald Trump pardoned Ross Ulbricht, the creator of the drug marketplace Silk Road who is revered by many cryptocurrency enthusiasts and libertarians. “I just called the mother of Ross William Ulbright to let her know,” Mr. Trump wrote in a post on Truth Social, misspelling Ulbricht’s name.

President Trump has followed through on one of his key campaign promises — at least for those in the crypto community — pardoning the sentence of Silk Road founder Ross Ulbricht.