On his second day back in office, President Donald Trump issued a full pardon to Ross Ulbricht, the founder of dark-web marketplace Silk Road. Trump had pledged to free Ulbricht as part of a raft of promises made to the cryptocurrency community while on the campaign trail.

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

Law enforcement said Ulbricht created the “most sophisticated and extensive criminal marketplace” on the internet.

Donald Trump pardoned the creator of the world’s first dark-web drug market, who is now a libertarian cause célèbre in some parts of the crypto community.

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 .)

The pardon is a big deal for cryptocurrency enthusiasts and libertarians, who have been pushing for Ulbricht’s sentence to be absolved for years.

Donald Trump announced on Tuesday that he has pardoned Ross Ulbricht, the founder of Silk Road, an underground website for selling illegal drugs and other contraband goods like hacking equipment and stolen passports.

President Donald Trump pardoned Ross Ulbricht, the founder of the Silk Road marketplace, delivering on a campaign promise he made to court the cryptocurrency community and libertarian voters.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Ulbricht was sentenced to life in prison in 2015 on charges related to his website, where users could buy and sell drugs and other illegal goods with bitcoin.

Social media slams Donald Trump for giving Silk Road operator and notorious drug dealer Ross Ulbricht an unconditional pardon.