2 hours ago
Selling the Bitcoin would person violated President Donald Trump’s Executive Order 14233, which mandates that immoderate Bitcoin obtained done transgression oregon civilian forfeiture “shall not beryllium sold.”
A White House crypto advisor said helium received confirmation from the US Department of Justice that nary Bitcoin forfeited from the Samourai lawsuit was sold, putting rumors to rest.
The confirmation was shared connected X by Patrick Witt, Executive Director of the White House President’s Council of Advisors for Digital Assets:
“We person received confirmation from DOJ that the integer assets forfeited by Samourai Wallet person not been liquidated and volition not beryllium liquidated,” Witt posted to X Friday, adding that the forfeited Bitcoin would stay portion of the Strategic Bitcoin Reserve.
Source: Patrick Witt
The issue surfaced successful November erstwhile blockchain analysts flagged a 57.5 Bitcoin (BTC) transportation from a US government-controlled BTC code to a Coinbase Prime deposit address.
The Marshals Service was accused of violating Executive Order 14233, signed by President Donald Trump successful March, which mandates that immoderate Bitcoin the authorities obtains done transgression oregon civilian forfeiture “shall not beryllium sold” and indispensable beryllium held successful the SBR.
US present has implicit 328K BTC
Data from Bitcoin Treasuries shows that the US authorities holds 328,372 Bitcoin, worthy implicit $31.3 cardinal astatine existent marketplace prices.
That tally includes a forfeited 127,271 Bitcoin forfeited successful October from a Cambodia-based institution that allegedly ran a “pig butchering” crypto concern scheme.
Bitcoin reserve inactive a “priority” for the Trump administration
In an interrogation connected Crypto successful America published connected Tuesday, Witt said gathering retired the SBR is inactive connected the “priority list” and volition determination guardant erstwhile the Treasury and Commerce agencies hold connected however to grip definite ineligible requirements.
Related: Michael Saylor pushes backmost connected disapproval of Bitcoin treasury companies
The US Senator Cynthia Lummis-sponsored Bitcoin reserve bill seeks to accelerate that process, which seeks to accumulate 1 cardinal Bitcoin implicit a five-year period.
The US authorities stated that its strategy would beryllium to accumulate Bitcoin successful budget-neutral ways, without immoderate outgo to taxpayers.
Magazine: Davinci Jeremie bought Bitcoin astatine $1… but $100K BTC doesn’t excite him
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