A Decade Later, Ross Ulbricht’s Silk Road Sentencing Demonstrates The Government’s Fear Of Bitcoin


This is an opinion editorial by Aaron Daniel, an appellate attorney and author of “The Bitcoin Brief,” and William D. Mueller, an appellate attorney with a nationwide practice.

Following a multi-week trial in Manhattan’s United States District Court for the Southern District of New York, Ross Ulbricht, the creator and operator of the Silk Road — one of the first marketplaces to exclusively utilize bitcoin — was sentenced to die in prison. The jury deliberated for a mere three and half hours before convicting Ulbricht of the seven counts charged by the U.S. government: distributing narcotics, distributing narcotics by means of the internet, conspiring to distribute narcotics, engaging in a continuing criminal enterprise, conspiring to commit computer hacking, conspiring to traffic in false identity documents and conspiring to commit money laundering.


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By akohad

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