DOJ Authorized to Liquidate $6.5B in Silk Road Bitcoin

A recent ruling from a judge has paved the way for the quick sale of the seized crypto assets. Despite objections from Battle Born Investments, which argued it had rightful ownership through a bankruptcy estate. The court’s decision, however, leans on the volatility of the crypto market.

The US Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today

Interesting situation less than 2 weeks away from the new admin who vowed to not sell https://t.co/HqD1KnhJK3 pic.twitter.com/xn8ATSEL7H

— db (@tier10k) January 9, 2025

Critics, however, argue that the government’s decision to sell such a massive amount of Bitcoin could affect the market. This can create additional volatility in an already unpredictable asset class.

Silk Road Bitcoin Seizure Marks Milestone for Crypto and Law

The Silk Road seizure was one of the largest Bitcoin confiscations in history, and the liquidation of these assets is a major milestone for both the cryptocurrency and legal communities. In many ways, once largely associated with the underworld, is being integrated into the mainstream financial system.

The U.S. government holds over 200,000 BTC—worth billions.

Despite actively trying to shut down Bitcoin, the US is one of the biggest crypto holders on the planet.

But how did they end up with such a massive stash?

The truth behind America’s secret crypto hoard will shock you: pic.twitter.com/SJYWMPuhjO

— Edge (@EdgeWallet) January 7, 2025

The news of the U.S. Justice Department being cleared to liquidate $6.5 billion worth of Bitcoin seized from the Silk Road comes just 11 days before Donald Trump is set to assume the presidency.

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