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U.S. to sell Silk Road Bitcoin: 69,370 BTC to enter market

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The Supreme Court’s decision allows the U.S. government to liquidate seized Bitcoin, potentially impacting the market.

This decision stems from the Supreme Court’s denial to grant certiorari in the case brought by Battle Born Investments against the U.S. government.With the Supreme Court declining to hear the case, the U.S. government can now proceed with selling the seized assets, effectively concluding this legal battle., a California federal court dismissed claims from Battle Born Investments, which argued it had acquired rights to the seized Silk Road Bitcoin through a bankruptcy estate.

Lacking compelling evidence, the court ruled against Battle Born—a decision later upheld by a San Francisco appeals court.

 

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