Reports indicate that former President Donald Trump has taken several pro-cryptocurrency steps since returning to the political arena. During his first week back in office, Trump reportedly signed an executive order designed to relax some regulations on the cryptocurrency sector. This move is seen by some as a signal of his support for the growing industry.
In the same week, Trump issued another executive order, this one granting a pardon to Ross Ulbricht. Ulbricht is the founder of Silk Road, an online marketplace that operated using cryptocurrency. Ulbricht was sentenced to life in prison in 2015 on charges of conspiracy, money laundering, and other related offenses. His pardon has sparked debate, with supporters seeing it as a step towards aligning the government with pro-crypto values.
These actions suggest a potential shift in the political landscape’s approach to cryptocurrency, and signals that Trump may be viewing crypto favorably.
