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The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures

The Ongoing Effort to Free Ross — Ulbricht's Clemency Petition Closes in on Half a Million Signatures

As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and a large swathe of eminent organizations believe his sentence was unjust and the Silk Road court case was a complete miscarriage of justice.

Ross Ulbricht’s Change.org Clemency Petition Nears 500K Signatures, Georgetown Law Professor: ‘Sentence Was Grossly Excessive’

Over the last 12 months Ulbricht has been updating the public regularly about his well-being, and this past summer he spoke publicly for the first time since 2013. Today, Ulbricht’s clemency petition is closing in on half of a million signatures and the effort is only 51,014 signatures away from reaching the 500K signature goal.

Ross Ulbricht is still serving his double-life prison sentence for creating the Silk Road website and his family and close friends are still doubling down on getting him free. The 37-year-old Ulbricht was arrested in 2013 and in February 2015 he was convicted of a number of non-violent criminal charges.

The Ongoing Effort to Free Ross — Ulbricht's Clemency Petition Closes in on Half a Million Signatures

In May 2015, Ulbricht was sentenced to a double-life sentence plus forty years without the possibility of parole. Following his sentence, a great number of individuals and organizations criticized the U.S. government and Ulbricht’s judge for handing down such a harsh punishment. In a statement featured on the web portal freeross.org, Shon Hopwood, a law professor at Georgetown University explains:

Such a sentence should, at the very least, be reserved for the worst crimes committed by repeat offenders…Ross’s crime is nowhere near that category and his sentence was grossly excessive.

In 2017 and 2018, the Ulbricht family and Ross attempted to appeal to the U.S. Court of Appeals for the Second Circuit and the Supreme Court. However, the attempts were unsuccessful and currently, Ulbricht remains locked up at the United States Penitentiary in Tucson.

The Ongoing Effort to Free Ross — Ulbricht's Clemency Petition Closes in on Half a Million Signatures

This past summer, Ulbricht spoke publicly for the first time since 2013 at the Bitcoin 2021 conference in Miami. On Twitter, Ulbricht also keeps the public updated regularly in regards to his overall well-being. This past week, Ulbricht explained he finished teaching an eight-week meditation course.

“It’s very satisfying to teach my fellow prisoners how to meditate. Finding tranquility and equanimity is so valuable for us,” Ulbricht’s Twitter account said on October 8. “We recently finished an 8-week meditation course, and I am happy to say that my 4 students did well. They established a daily practice and learned to sit still without forgetting their breath or nodding off,” he added.

Ulbricht’s Clemency Petition Only 51K Signatures Away From Meeting the 500K Goal

Ulbricht also has the clemency petition addressed to the United States president which declares that his double-life sentence “shocks the conscience.” In the clemency petition’s opening statements, Ross’s mother, Lyn Ulbricht, stresses that “Ross was not treated fairly and his sentence is draconian. Justice was not served,” she adds.

The Ongoing Effort to Free Ross — Ulbricht's Clemency Petition Closes in on Half a Million Signatures

Ulbricht’s clemency petition is nearing a milestone as the petition’s aggregate count of signatures nears 500K. At the time of writing, change.org’s data shows Ulbricht’s clemency petition is 51,014 signatures away from meeting that goal.

The petition sheds light on Ulbricht’s situation and it clearly shows that hundreds of thousands of individuals agree that his sentence was far too harsh. Ulbricht has already served nine years in prison.

The Ongoing Effort to Free Ross — Ulbricht's Clemency Petition Closes in on Half a Million Signatures

“My future died that day in court when I was sentenced to life without parole,” Ulbricht explains in a recent blog post. The change.org clemency petition is filled with people adding commentary to their signatures as well, and signers agree Ulbricht’s current sentence is unjust and needs to be reversed.

“Ross’s sentence is a gross miscarriage of justice. Robbing a man of his life for a nonviolent offence is egregious,” Angela Bertalot writes on the change.org clemency petition. Another individual, Ethan Erkiletian, writes:

Justice should be just and this was anything but. It destroys the credibility of a just judiciary that this man is/was imprisoned the way he was.

Fact is, the more signatures Ulbricht’s petition gets the more it shows a great majority of people are fed up with draconian prison sentences such as Ulbricht’s. Many individuals are spending years behind bars for possession of a plant and society is increasingly realizing that the war on drugs was and still is a complete waste of time.

Ulbricht’s case also shows that the antiquated punishment of simply throwing every criminal in a cage, no matter what the crime, is simply not working and society needs to change this trend.

What do you think about Ross Ulbricht’s clemency petition nearing half of a million signatures? Let us know what you think about this subject in the comments section below.

Whales Fill Up On Bitcoin While Broader Market Panics

Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more sell-offs but not everyone gave in. Whales have always been known to gobble::Listen

Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more sell-offs but not everyone gave in.

Whales have always been known to gobble up the bitcoins that small-time investors unload during periods of panic and this time has proven to be no different. While the broader market panic sold their holdings, bitcoin whales took advantage of the opportunity to pad up their holdings, snapping up billions in the digital asset during the dip.

Related Reading | Reddit User Calls Out KuCoin Over ≈$50,000 Stuck On Exchange

Whales Load Up On Bitcoin

Data analytics firm Santiment recently published a report showing whale activity during the recent dip. In the report, the firm notes that while the sell-off was taking place, whales had significantly increased their holdings. These whale wallets containing 100 to 10,000 BTC took full advantage of the panic in the market and picked up about 59,000 BTC last week.

🐳 If you've been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it's happening once again. In the past week, a total 59k $BTC has been added to addresses that hold between 100 to 10k $BTC. This is 0.29% of the total supply. https://t.co/xbZms4GtKm pic.twitter.com/eeRrnrISRM

— Santiment (@santimentfeed) November 25, 2021

BTC slumps to $54K | Source: BTCUSD on TradingView.com

This figure shows that in one week alone, these whale wallets have accumulated about $3.3 billion worth of bitcoin, which amounts to an additional 0.29% of the circulating supply now controlled by the whales.

It would seem with every downward correction, small-time investors lose even more hold on the market as whales remain at the ready to mop up the coins that investors dump in their panic.

Crypto Market Dives Into Fear

The panic that gripped the market after bitcoin began its downtrend was evident in the Fear & Greed Index. The index had remained in greed territory for the better part of last month but that change recently after the first signs of a market correction. Market sentiment had dropped so far into negative that in the space of a week, the index was back into neutral territory and then fear not too long after.

Related Reading | Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years

The Fear & Greed Index score continued to drop, hitting a new two-month low after dropping to 32 on Thursday. This puts the market in full panic mode leading to more sell-offs in the market. However, whales have taken full advantage of this for their benefit.

Whales accumulating bitcoin has however always spelled good news for the market. Cumulatively, these high-volume addresses hold enough to have a certain sway over the market. Thus, as long as they refuse to sell and instead purchase more of the asset to increase their holdings, then the fewer coins are on exchanges to lead to a continued downtrend.

Featured image from Bitcoin News, chart from TradingView.com

The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures

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