Donald Trump's victory in the 2024 election promises to be a turning point for the cryptocurrency industry, raising questions on regulations and cases of figures like Ross Ulbricht.
Trump's Election Win and Its Legal Implications
With his 2024 election win, Donald Trump's legal status changes significantly. He faces two major federal cases: one alleging interference in the 2020 election, and another regarding mishandling classified documents. On a federal level, the DOJ, under his administration, is likely to avoid prosecuting a sitting president. This may lead to pressure to drop the cases, especially if Trump reshapes DOJ leadership.
State-Level Legal Proceedings
State-level cases, like the Manhattan 'hush money' payments and Georgia election meddling case, are not under federal control. In Manhattan, Trump was convicted for falsifying business records. It is rumored that the courts might consider delaying sentencing to avoid a constitutional crisis.
Will Ross Ulbricht Be Freed?
Trump's return to power has reignited discussions about a possible clemency for Ross Ulbricht, the founder of Silk Road. Ulbricht is serving two life sentences plus 40 years for his illegal activities on the site. Although Trump did not grant clemency during his first term, the movement to free Ulbricht has gained traction, and Trump has promised to consider a pardon.
Donald Trump's election victory could lead to significant changes in the crypto industry and U.S. legal system. The questions of Ross Ulbricht's clemency and cryptocurrency regulation remain open and will likely provoke much debate in the near future.
