Ross Ulbricht’s pardon marks a historic event for crypto, but its impact on Bitcoin’s public image is a mixed bag, according to the community.

Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.

President Donald Trump announced Tuesday that he had granted a pardon to Ross William Ulbricht, the founder of the Silk Road dark web marketplace.

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 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 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.

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.

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.

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.

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