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

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. crypto stocks fall on rising bets of Harris win after presidential debateBitcoin, the world’s largest cryptocurrency, was down 1.6% on Wednesday, while ether fell 2%
Source: globeandmail - 🏆 5. / 92 Read more »