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.

Until, of course, in 2013 the Silk Road was shut down by FBI agents and Mr Ulbricht, then 29 years old, was arrested in the science-fiction section of a San Francisco public library. In 2015, after a four-week trial,

The move fulfilled a long-sought dream of the overlapping libertarian and crypto communities, who Trump courted on the campaign trail last year. "I just called the mother of Ross

Kraken donated $111,111 in Bitcoin to Ross Ulbricht to help him get on with life after spending 11 years in prison, but a Coinbase executive just revealed that there are digital wallets linked to the Silk Road founder with some $47 million in collective crypto holdings.

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

President Trump has followed through on one of his key campaign promises — at least for those in the crypto community — pardoning the sentence of Silk Road founder Ross Ulbricht.

Ulbricht, 40, was about 10 years into his life sentence for helming an online black market where drug dealers, money launderers, and traffickers used bitcoins to mask more than $214 million in illicit trades. (Ars thoroughly documented the Silk Road saga here .)

On his second day back in office, US president Donald Trump issued a full pardon to Ross Ulbricht, the founder of dark-web marketplace Silk Road.