At the Bitcoin Conference 2024 in Nashville, former President Donald Trump made a significant announcement, pledging to commute Ross Ulbricht's sentence if he wins a second term.
He emphasized that this case would be a top priority from his first day in office.
Trump’s promise to pardon Silk Road founder Ross Ulbricht, imprisoned since 2013, received a warm reception from the conference attendees. Ulbricht has previously expressed gratitude for Trump’s support, hoping for a chance at freedom.
David Bailey, CEO of Bitcoin Magazine, had earlier stated that any presidential candidate looking for the crypto community’s support should commit to Ulbricht’s release. This sentiment was echoed by other political figures, including Robert F. Kennedy Jr.
In his speech, Trump detailed an ambitious plan to establish the US as the leading nation in Bitcoin and cryptocurrencies.
His agenda includes firing SEC Chairman Gary Gensler within the first 100 days, launching Operation Chokepoint, and opposing the introduction of Central Bank Digital Currency (CBDC). He also emphasized the importance of protecting individuals’ rights to self-custody of digital assets.
Trump proposed the creation of a unified Bitcoin vault, aiming to establish a Strategic National Bitcoin Reserve.
The U.S. Securities and Exchange Commission (SEC) has filed emergency enforcement actions against First Liberty Building & Loan, LLC and its founder, Edwin Brant Frost IV, alleging they operated a $140 million Ponzi scheme that spanned more than a decade and defrauded around 300 investors.
A legal clash between Coin Center and the U.S. Treasury Department over sanctions imposed on Tornado Cash has officially come to an end, following a joint decision to dismiss the case.
A sophisticated cyberattack targeting Brazil’s central bank reserve accounts has resulted in the theft of over $140 million (R$800 million), much of which was swiftly funneled through cryptocurrency channels.
A malicious open-source project on GitHub disguised as a Solana trading bot has compromised user wallets, according to a July 2, 2025, report by cybersecurity firm SlowMist.