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 Ross Ulbricht. The digital asset community also eagerly anticipated a flood of crypto executive orders that would overturn years of perceived regulatory slights.

The self-declared "pro-crypto president" Donald Trump pardoned Silk Road founder Ross Ulbricht on Tuesday.

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.

Donald Trump has given a full pardon to Ross Ulbricht — the man responsible for founding world's first darknet market Silk Road.

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.

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.

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

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.

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

Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.

P resident Donald Trump Tuesday pardoned Ross Ulbricht, the founder of dark-web drug marketplace Silk Road, 10 years into his life sentence for conspiracy to traffi