tldr; The US Supreme Court has allowed the sale of 69,370 Bitcoin seized from the Silk Road, valued at $4.4 billion. The appeal by Battle Born Investments, claiming ownership, was rejected, confirming government control. The US Marshal Service will oversee the sale, potentially impacting Bitcoin markets. The decision follows the Supreme Court’s refusal to hear Battle Born’s appeal, which argued rights to the Bitcoin through a bankruptcy estate. The sale could be the largest of seized Bitcoin, with political implications noted amid upcoming US elections.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The US Supreme Court has allowed the sale of 69,370 Bitcoin seized from the Silk Road, valued at $4.4 billion. The appeal by Battle Born Investments, claiming ownership, was rejected, confirming government control. The US Marshal Service will oversee the sale, potentially impacting Bitcoin markets. The decision follows the Supreme Court’s refusal to hear Battle Born’s appeal, which argued rights to the Bitcoin through a bankruptcy estate. The sale could be the largest of seized Bitcoin, with political implications noted amid upcoming US elections.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.