The Department of Justice (DOJ) secured approval from a US federal judge to dispose of Bitcoin (BTC) worth $6.5 billion, linked to the Silk Road crackdown. 

In a recent publication, Decrypt, a media platform, disclosed that the Justice Department secured a court greenlight to sell tens of thousands of BTC seized by authorities from Silk Road hackers. The outlet cited an unnamed DOJ official who said Judge Richard Seeborg’s greenlight allows the US government to liquidate the 69,370 BTC. 

Surprisingly, this ruling presents a new twist as the US awaits a new administration whose leadership vowed not to dispose of BTC during the Bitcoin 2024 Conference held in Tennessee. Then, President-elect Donald Trump promised Bitcoiners present in the late July event that the US would not sell its Bitcoin holdings. Instead, he would oversee BTC stockpiling during his tenure as the US president.

This development occurred on December 30, though

Keep reading this article on E-cryptonews.com.

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