Donald Trump, newly inaugurated, did not mention Bitcoin or Ross Ulbricht, despite strong commitments during his campaign. While some expected immediate action, the absence of these topics fuels disappointment within the Bitcoin community.
Will Donald Trump keep his promise to release the founder of Silk Road?
During his campaign, Donald Trump made a series of promises to appeal to his electorate. Among them, the creation of DOGE (Department Of Government Efficiency), which would give Elon Musk the power to close government institutions deemed unnecessary.
Concerning Bitcoin, he expressed his intention to constitute a strategic reserve of BTC to reduce the debt of the United States. He also promised to release Ross Ulbrichtcreator of the black market Silk Road, sentenced since 2015 to life imprisonment without the possibility of parole, from his first day in power.
🏦 To go further – How and why could France create a strategic reserve of Bitcoins?
Yesterday, During the inauguration of the 47th President of the United States at the White House, no mention was made of Bitcoin or Ross Ulbrichtthe founder of Silk Road.
Ross's case is complex: although he created a platform where both everyday products and illegal items (like weapons and drugs) were sold, he claims that Silk Road was only a free market connecting individuals, without his direct responsibility.
Despite repeated promises and the launch of #FreeRossDayOne, Donald Trump has not kept his word. Ross's supporters nevertheless hope for a release in the coming days.
Donald Trump's 1st day was marked by several important executive decisions, including the United States' exit from the Paris Climate Agreement, the questioning of the right of soil for the acquisition of US citizenship, and granting the TikTok network a deadline to respond to national security concerns.
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Trump promotes altcoins and seems to forget Bitcoin
Although Donald Trump focused his campaign speech on Bitcoin, notably with the promise of creating a strategic BTC reserve, no mention was made of it during his inauguration.
In recent months, the new president's actions have shown interest in other cryptocurrencies. He notably launched a DeFi platform called World Liberty Finance (WLF), expressed the wish to enrich the state's reserves with American cryptos like ETH and SOL, and even introduced a memecoin bearing his image and that of his wife.
📰 Also read in the news – Cryptocurrencies: $1.6 billion in liquidations after a volatile weekend
Some hoped that Donald Trump would become the 2nd “Bitcoin president” after Nayib Bukele in El Salvador. Yet, he now risks being perceived by the majority of the Bitcoin community as an opportunistespecially if Ross Ulbricht is not released and if the strategic reserve is not made.
By promising this reserve of BTC, he attracted Bitcoiners ready to abandon their ideal of separation between currency and State, in the hope of seeing the value of their funds increase. However, its recent announcements risk further blurring the distinction between Bitcoin and other cryptocurrencieswhich shares neither the values nor the decentralization characteristics of Nakamoto's creation.
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First attracted by the lure of gain, I am now trapped deep into the rabbit hole. With no way out, I just have to share my knowledge and convey the passion I have for Bitcoin. I am also the creator of Adopt a Block, an educational site dedicated to Bitcoin.
Marius Farashi Tasooji
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