The former President of the United States Donald Trump has declared that he will commute Silk Road founder Ross Ulbricht's prison sentence if he is re-elected in November's election.

"If you vote for me on day one I will commute the sentence of Ross Ulbircht," Trump stated at the Libertarian Party’s National Convention in Washington on May 25.

"He's already served 11 years, we're going to get him home," he said of the creator of Silk Road — which is known as the first modern darknet market with a payment system built on Bitcoin ( BTC ).

Donald Trump speaking at the Libertarian Party’s National Convention in Washington. Source: Rumble

Silk Road started in 2011 and was run and operated by Ulbricht from his personal laptop under the username “Dread Pirate Roberts.”

On Oct. 1, 2013, the U.S. Federal Bureau of Investigation (FBI) seized the laptop.

Ulbricht was convicted in a U.S. federal court in 2015 for various charges relating to the operations of the Silk Road. He was sentenced to two life terms plus forty years and no possibility of parole.

This is a developing story, and further information will be added as it becomes available.