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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Pumps As Trump Grants Full, Unconditional Pardon To Silk Road's Ross Ulbricht

Ross Ulbricht Ross William Ulbricht Bitcoin Donald Trump Anthony Pompliano
Russ Ulbricht (Credit: FreeRoss.org)

KEY POINTS

  • Other major altcoins were also climbing Tuesday night following the announcement
  • Trump said he personally made a phone call to Ulbricht's mother to inform her of the development
  • Ulbricht previously said he looks forward to making 'amends as a free man'
  • Silk Road allowed for Bitcoin payments before it was shut down by the US authorities

Bitcoin soared Tuesday night after President Donald Trump confirmed that he has pardoned Ross Ulbricht, the founder and operator of darknet website Silk Road, which was shut down for illegal activity among users.

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