Official statements from the Trump administration or reputable news outlets.

Biden Administration Prepares to Sell Silk Road Bitcoin Before Trump Takes Office Amid Criticism

Jan 9, 2025, 02:17 AM

As President Biden's administration approaches its end, reports indicate that the Department of Justice is preparing to sell Bitcoin seized from the Silk Road operation. This move is perceived by some as a final act of defiance against the incoming Trump administration. Critics have labeled the decision as a parting shot to the American public, suggesting it reflects the Biden administration's contentious relationship with cryptocurrency. The urgency to liquidate these assets stems from concerns that the new administration may not support such actions. The situation has sparked discussions among observers regarding the implications for Bitcoin and the broader crypto market.