The US government has filed a notice to sell almost $130 million worth of Bitcoins seized from the Silk Road darknet marketplace. The sale will be in two lots, with one lot consisting of 2874 BTC valued at $129 million and the other lot consisting of 58 BTC worth $3.3 million. Individuals, excluding defendants, have 60 days from January 10 to assert an interest in the forfeited property via an ancillary petition. The US government's sale of these Bitcoins could create further selling pressure on the BTC price.
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US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road
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Pennsylvania Passes "Bitcoin Rights" Bill and Considers Strategic Bitcoin Reserve Amid Criticism and Potential Economic Benefits
Pennsylvania has passed the "Bitcoin Rights" bill, which protects the rights of individuals and businesses to self-custody digital assets, operate blockchain nodes, and conduct transactions without interference from restrictive municipal ordinances. This move establishes Pennsylvania as a leader in digital asset regulation and demonstrates its commitment to fostering innovation in the sector while addressing issues such as economic empowerment and financial inclusion. Additionally, two Republican Representatives have introduced the Strategic Bitcoin Reserve Act, which would allow the state treasurer to allocate up to 10% of Pennsylvania's funds into bitcoin and crypto-based exchange-traded products. However, critics have raised concerns about the risks of holding bitcoin in government reserves, including extreme price volatility and security vulnerabilities, as well as environmental concerns related to bitcoin mining's energy consumption. Despite this, Pennsylvania's proactive approach to fostering a crypto-friendly environment positions the state as a model for equitable digital asset adoption and underscores the growing role of state governments in shaping the future of the digital economy. -
It is reported that Trump may meet with Ripple CEO and other crypto industry representatives to discuss the formulation of US crypto policy
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Cardano founder confirms he will work with Trump administration on crypto legislation
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UK House of Lords backs Digital Asset Property Bill
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The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
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UAE to introduce legal framework for DAOs
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