Key Takeaways
Elon Musk anticipates a presidential pardon for Ross Ulbricht by Donald Trump.
Trump has appointed pro-crypto officials to lead key financial regulation agencies.
Elon Musk said Ross Ulbricht, the founder of the Silk Road marketplace, will receive a presidential pardon from Donald Trump. The Tesla CEO stated “Ross will be freed too” in response to a user’s comment on X urging Trump to pardon Ulbricht.
Ross will be freed too
— Elon Musk (@elonmusk) January 21, 2025
Ulbricht was sentenced in 2015 to two life terms plus 40 years for his role in operating the Silk Road. He was not found guilty of direct harm but was convicted of facilitating illegal activities on the platform.
The creator of the notorious marketplace has expressed remorse for his actions. He has been working towards self-improvement while incarcerated, including pursuing education and advocating for his release.
In May 2024, Trump pledged to commute Ulbricht’s sentence on his first day in office. He reiterated this promise at the Libertarian National Convention, which has led many to believe he will follow through now that he has assumed office.
Ulbricht’s supporters and many crypto community members are optimistic that Trump will honor his pledge. On Polymarket, users now estimate a 94% probability of Trump pardoning Ulbricht within his first 100 days in office.