President Trump's decision to issue a pardon to Ulbricht came after ongoing pressure from his mother, and from Bitcoin-loving libertarians who regarded h

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.

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