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Monteluna
@monteluna
Complete speculation: I listened to a podcast by someone who was discussing selling the Silk Road Bitcoin and how the court has authorized it's sale. He did mention in the U.S. there's typically a path to legally sell these seized assets, and that it doesn't necessarily mean that the U.S. is selling these tokens immediately. He seemed like a fairly knowledgable guy who actually did start a company that works with law enforcement to help them with seized Bitcoin, including its sale, but... *what if he is right but wrong on timeline*. He did mention there's a few steps required before actual sale, and they basically do a TWAP and they do *not* signal the sale at all before doing it. Specifically he mentioned that the sale steps take a while for more approvals, but what if the Biden Administration in the background already got these approvals a long time ago? It doesn't strike me as alien that they got approval to sell the Silk Road Bitcoin in 2024 and are now doing it.
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