Trump said he granted the full pardon in honor of Ulbricht's mother "and the Libertarian Movement, which supported me so strongly."

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.

President Donald Trump has pardoned Ross Ulbricht, the founder of Silk Road, an underground website for selling drugs.

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

Cryptocurrency enthusiasts welcomed President Trump’s pardoning of Ross Ulbricht, who had been serving a life sentence without parole for running underground drug bazaar Silk Ro

Ulbricht, 40, had been serving a life sentence on federal drug trafficking charges for setting up the illegal website.

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.

President Trump said he granted the full pardon in honor of Ross Ulbricht's mother "and the Libertarian Movement, which supported me so strongly."

President Donald Trump on Tuesday evening said he issued a full and unconditional pardon to Ross Ulbricht, the founder of the dark web Silk Road marketplace for illicit drugs.

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.