US authorities have not carried out any new Bitcoin sales, despite reports that the Justice Department has authorized a massive dump.
Blockchain intelligence platform Arkham has confirmed that the billions in Silk Road seized and Bitcoin seized by the FBI (Bitcoin) remains at US government-controlled addresses as of January 9.
Data provider subscriber Evidence on the chain confirms a balance of $6.44 billion amid talk that authorities were selling.
Rumors of the sale began spreading after reports that the Department of Justice had liquidated 69,370 Bitcoin. According to these reports, a federal judge ruled on the matter in late December, but the news only emerged this week.
As President Donald Trump's inauguration approaches, the timing of the news has raised questions. Trump pledged to retain US Bitcoin holdings and create a Bitcoin reserve.
It was his plan adopted By Senator Cynthia Lummis W It was submitted In the US Senate. Congress was also considering laws to allow bitcoin reserves at the Federal Reserve after Fed Chairman Jerome Powell said the central bank could not legally hold the cryptocurrency.
At the time of publishing this article, Trump's swearing-in ceremony, scheduled for January 20, is only 11 days away. It remains unclear whether the US government will go ahead with the sale of its Bitcoin stock during the final days of President Joe Biden's administration.
Meanwhile, the cryptocurrency industry leader pressed Trump to issue a Bitcoin reserve executive order in his first 100 days in office. Several states like Texas and Ohio as well It is considered BTC-focused legislation.
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