Official announcements from the U.S. government, financial news outlets

Biden Administration to Sell $2 Billion in Silk Road Bitcoin Amid Trump Controversy

Jul 29, 2024, 04:46 PM

The Biden administration is reportedly preparing to sell $2 billion worth of Bitcoin held by the U.S. government. This move comes in response to statements made by former President Donald Trump, who indicated he would not sell the cryptocurrency. The $2 billion worth of Bitcoin in question is linked to the Silk Road, a notorious online black market. The decision to sell the Bitcoin has sparked controversy, with some suggesting it is a strategic move to prevent Trump from having control over the assets if he were to return to office.