The U.S. Department of Justice Authorized to Sell $6.5 Billion Worth of Bitcoin Related to the Silk Road Case

BlockBeats News, January 9th, an official confirmed to DB News today that the U.S. Department of Justice has been granted permission to liquidate the 69,370 BTC (worth about $6.5 billion) seized in the Silk Road case.

It is reported that the Department of Justice has requested permission to sell these assets citing Bitcoin price fluctuations. When asked about the next steps, a Department of Justice spokesperson stated, "The government will take the next steps according to the ruling of this case."

BlockBeats View: The development of this event is the "permission to sell," but the Department of Justice is temporarily unable to determine when these bitcoins will be sold. With only 11 days left until Trump's official inauguration on January 20th, and Trump has stated that he will not sell any of his 1 BTC after taking office. Considering the efficiency of the U.S. government, it remains to be seen whether the Department of Justice can successfully sell the bitcoins.