The Crypto Reader’s Verdict on Trump’s Pledge to Commute Silk Road Founder’s Sentence
As a crypto enthusiast, you may have heard about Donald Trump’s promise to commute the sentence of Silk Road founder Ross Ulbricht if reelected. This pledge was made during the Libertarian National Convention and has sparked mixed reactions within the crypto community. Here’s a breakdown of the key points:
Ulbricht’s Gratitude Towards Trump
Ulbricht expressed his gratitude towards Trump for promising to commute his sentence if reelected. This announcement was met with cheers by attendees at the event.
- Ulbricht expressed his gratitude on Twitter for the potential second chance offered by Trump’s pledge.
- Attendees at the Libertarian National Convention handed out “Free Ross” signs in support of Ulbricht.
Bitcoin’s Response
- Despite the bullish talk on Bitcoin by Trump, the price of Bitcoin remains relatively stable, trading just under $69,000 at the time of writing.
- Trump’s promise to “keep Elizabeth Warren and her goons away from your Bitcoin” did not have a significant impact on the price of Bitcoin.
Crypto Community’s Reaction
While some members of the crypto community welcomed Trump’s pledge, others viewed it as political pandering. The broader industry remains cautious about trusting Trump’s promises.
- Jameson Lopp, CTO of Casa, called Trump’s promise political pandering and emphasized the importance of actions over words.
- Adam Cochran cautioned against falling for Trump’s promises, highlighting potential risks associated with Trump’s policies.
Influence on the SEC
Some figures within the crypto community, such as Messari’s CEO Ryan Selkis, have expressed optimism about potential positive changes under Trump’s administration. Speculations about a positive shift at the SEC under Trump have also been circulating.
- Ryan Selkis reposted pro-Trump messages on Twitter, suggesting that Trump’s actions could benefit the crypto industry.
- Gabriel Shapiro, U.S. attorney and general counsel at Delphi Labs, speculated about positive changes at the SEC under Trump’s leadership.
Hot Take: The Future of Crypto Policy Under Trump
As a crypto enthusiast, it’s essential to stay informed about the evolving landscape of crypto policy under different political leaders. Trump’s pledge to commute Ulbricht’s sentence has generated mixed reactions within the crypto community, highlighting the importance of critical analysis and caution in evaluating political promises.
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