Elon Musk has stated that Ross Ulbricht, the founder of the Silk Road marketplace, will receive a presidential pardon from Donald Trump. Ulbricht, who is serving a life sentence for operating the Silk Road, has been advocating for his release and has received support from the crypto community. Trump had previously pledged to commute Ulbricht's sentence, leading many to believe he will follow through now that he is in office. Although Trump did not mention crypto in his inauguration speech, there are several pro-crypto figures appointed under the Trump administration, indicating potential regulatory reforms in the future. Industry leaders are hopeful that upcoming policies will focus on digital assets, including easing restrictions on banks holding and trading crypto assets.



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