CryptoWatch: Trump Grants Pardon to Silk Road Founder, POTUS Unveils First Crypto Policy, Latest Crypto Prices
The United States, under the leadership of its 47th President, Donald J. Trump, is making significant moves in the cryptocurrency industry. This began with the full pardon of Silk Road’s creator, Ross Ulbricht. Following this, the President has signed his first cryptocurrency policy for the United States, establishing a new working group dedicated to developing much-needed crypto regulations in the country.
Stay updated with the latest changes in the cryptocurrency industry, including the current prices of the top coins in the market. While there was a significant rally last week, it was followed by a sharp decline over the weekend.
Trump Pardons Silk Road Creator, Ross Ulbricht
President Trump fulfilled a promise to the cryptocurrency and Libertarian communities by granting a full presidential pardon to Ross Ulbricht. Ulbricht, the creator of Silk Road, had been serving a lengthy sentence since 2015. This act was a result of the ‘Free Ross’ campaign, supported by Libertarians who had backed Trump. His mother received the news that her son was no longer in prison, thanks to the President’s pardon.
Following his pardon, President Trump signed his first cryptocurrency policy focusing on the industry’s regulation in the United States. This move aims to pave the way for greater visibility and acceptance of cryptocurrencies in the country. The policy establishes a new working group tasked with creating regulations that will benefit the blockchain industry.
Top Crypto Prices and Recent Changes
The cryptocurrency market experienced fluctuations in the last week of January, with a notable crash following a brief rally. Bitcoin reached a new all-time high of $109,000 before prices plummeted. XRP surpassed Tether in market cap rankings, while Solana claimed the fifth position from Binance Coin.
Here are the latest prices and fluctuations of the top cryptocurrencies:
- Bitcoin (BTC) – Price: $98,929.60 | 8.71% decrease in the past week
- Ethereum (ETH) – Price: $3,052.03 | 9.48% decrease in the past week
- XRP (XRP) – Price: $2.77 | 16.14% decrease in the past week
- Tether (USDT) – Price: $0.9996 | 0.08% increase in the past week
- Solana (SOL) – Price: $223.19 | 15.07% decrease in the past week
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