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

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 R

Law enforcement said Ulbricht created the “most sophisticated and extensive criminal marketplace” on the internet.

Social media slams Donald Trump for giving Silk Road operator and notorious drug dealer Ross Ulbricht an unconditional pardon.

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 .)

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

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.

The pardon is a big deal for cryptocurrency enthusiasts and libertarians, who have been pushing for Ulbricht’s sentence to be absolved for years.

Following Ross Ulbricht's pardon, the Trump Administration must follow through on crypto’s potential to spread privacy and financial innovation.

Elon Musk said Tuesday he was exploring a presidential pardon for "Bitcoin Jesus," who was arrested last year on fraud and tax evasion charges, after applauding Donald Trump for exonerating

President Donald Trump on Tuesday signed a full and unconditional pardon of Ross Ulbricht, the founder of the anonymous marketplace website Silk Road, which the president promised to do "on Day 1" while on the campaign trail.