Ulbricht, who was convicted of running an anonymous online drug marketplace, became a hero to crypto-holders everywhere. What does his pardon signal for the future of the technology?

Law enforcement said Ulbricht created the “most sophisticated and extensive criminal marketplace” on the internet.

Silk Road founder Ross Ulbricht, who was given two life sentences in 2015, thanks President Donald Trump for giving him a "second chance" with unconditional pardon.

Ross Ulbricht’s first hopes for clemency died when a mob of Donald Trump’s supporters stormed the U.S. Capitol. Trump had planned to commute the life sentence of the founder of the Silk Road online drug bazaar at the end of his first term,

In 2015, a federal judge in Manhattan sentenced Ulbricht to life in prison for drug trafficking, computer hacking and money laundering.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.