Ross Ulbricht Has Been Pardoned

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the most important campaign promises for many bitcoiners was President Trump's pledge to pardon Ross Ulbricht. That pardon was officially granted on day 1 of the new administration, leading to optimism that more good news could be on the horizon. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.5	What's going on, guys? It is Wednesday, January 22nd, and today we are talking about a very
0:23.6	important Trump campaign promise to many that has now been fulfilled. Before we get into that,
0:28.8	however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a
0:32.3	review, or if you want to dive deeper into the conversation, come join us on the breakers discord.
0:36.6	You can find a link in the show
0:37.6	notes or go to bit.ly slash breakdown pod. All right, friends, well, the Trump administration has
0:43.4	completed its first full day in office. Crypto executive orders still haven't emerged, but Trump did
0:49.4	fulfill one of his campaign promises that mattered to many crypto folk, which was the freeing of Silk Road
0:55.5	founder Ross Ulbricht. Yesterday, Trump posted, I just called the mother of Ross William Ulbricht
1:00.7	to know that in honor of her and the libertarian movement, which supported me so strongly, it was my
1:05.3	pleasure to have just signed a full and unconditional pardon of her son Ross. The scum that worked
1:09.5	to convict him were some of the same lunatics that were involved in the modern-day weaponization of government against me. He was given
1:14.9	two-life sentences plus 40 years. Ridiculous. Ross's mother, Lynn, posted a comment to the free
1:20.1	Ross group stating, Trump called me himself and read me the pardon, full and unconditional.
1:25.1	This is a miracle. The man kept his word, he saved my son. Big thanks to all of you
1:29.5	who have so steadfastly supported this fight. We beat the DOJ and SDNY. We freed Ross.
1:35.5	Overnight, photos emerged of Ross walking through the parking lot, free for the first time in a decade
1:40.1	and grinning from ear to ear. And as I said, for many in the Bitcoin community, this was an
1:44.3	extremely important fight. Ross served 10 years in jail for the crime of running the largest
1:48.4	anonymous online marketplace in the world. While the Silk Road was used mostly to sell illegal
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