Donald Trump has granted a full pardon to Ross Ulbricht, the founder of online drug marketplace Silk Road who became a hero for America’s libertarian movement.

Michael Salyor’s MicroStrategy announced on Tuesday that it has acquired 11,000 BTC worth $1.1 billion, and President Donald Trump pardoned Silk Road creator Ross Ulbricht. A K33 report highlights that the market awaits crypto-specific executive orders in the coming week.

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.

President Donald Trump kept a campaign pledge to the cryptocurrency industry by granting a full pardon to Ross Ulbricht, the founder of Silk Road. The infamous dark web marketplace not only served as a hub for illicit drug sales but also emerged as one of the first real-world applications of Bitcoin.

Those who convicted Ulbricht were "some of the same lunatics involved in the modern-day weaponization of government against me," Trump wrote Tuesday.

President Donald Trump said Tuesday he is pardoning Ross Ulbricht, a Bitcoin pioneer and creator of the Silk Road marketplace that enabled the selling and buying of illicit substances on the dark web.

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.

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.

On Tuesday, President Donald Trump announced a “full and unconditional pardon” of Silk Road drug marketplace founder Ross Ulbricht, who was serving two life sentences in prison for charges including narcotics distribution, money laundering, and hacking.

President Donald Trump issued a pardon to Ross Ulbricht, who ran the dark web marketplace Silk Road under the pseudonym “Dread Pirate Roberts.” Ulbricht has been serving a life sentence without parole since 2015,

Fulfilling a campaign promise to libertarians and the bitcoin community, the Silk Road founder's life sentence without parole is now over.