In 2015, a 31-year-old yoga enthusiast from Austin named Ross Ulbricht was found guilty of being the online drug kingpin “Dread Pirate Roberts.” Convicted on 7 counts, the judge sentenced him to life in prison. Trump pardoned Ulbricht on Tuesday and now he’s a free man after more than 10 years in custody.

Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.

Ulbricht operated the anonymous digital marketplace known as Silk Road when law enforcement arrested him. The pardon fulfills a campaign pledge Trump made to Ulbricht's Libertarian supporters.