The crypto market faced a 5% dip this week as news broke that the U.S. Department of Justice (DOJ) had been approved to sell 69,370 Bitcoin seized from the Silk Road darknet marketplace. Valued at $6.5 billion, this Bitcoin stash has been the subject of a prolonged legal battle.
A federal court dismissed claims by Battle Born Investments, which sought ownership of the Bitcoin through a bankruptcy estate, clearing the path for the DOJ to liquidate the assets.
Why the DOJ is Selling Now
Citing concerns over Bitcoin’s price volatility, the DOJ argued that holding onto the assets posed a
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Ripple CEO Brad Garlinghouse has confirmed that Ripple met with President-elect Donald Trump, stirring excitement and speculation within the XRP community about potential political influence and regulatory strides for cryptocurrency in the U.S. This confirmation, sparked by a social media post from crypto advocate Zach Rector, has led to a renewed buzz in the community about Ripple’s involvement in shaping crypto policy.
Ripple's Influence on U.S. Crypto Policy
The meeting has prompted discussions on Ripple’s role in a possible crypto-friendly administration, with industry observers anticip
Ripple's Influence on U.S. Crypto Policy
The meeting has prompted discussions on Ripple’s role in a possible crypto-friendly administration, with industry observers anticip