January 2025

Why did Donald Trump lose Ross Ulbricht? An idealistic libertarian or “the ultimate harmful guy on the internet”

Standing at the 2024 Bitcoin convention in Nashville last summer, Donald Trump knew precisely how to get the crowd on his side. After promising to make the United States the “crypto capital of the planet” and dismissing deeply unpopular SEC Chairman Gary Gensler, the Republican nominee made a compromise that won one of the biggest acclaims of his speech. “I’m going to track Ross Ulbricht’s prayer to a purged hour,” he said, referring to the founder of notable dark web marketplace Silk Road, who had been around since 2013.

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