🚨 Breaking News | Urgent Update | Developing Story 🚨
Time: 9:58 PM — New York City 🗽🕘
The White House has officially confirmed that the Bitcoin seized from the Samourai Wallet case has not been sold, easing weeks of speculation across the crypto community. 🛑💰
$TRX According to Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, the roughly 57 BTC forfeited by the Samourai developers will remain on the U.S. government balance sheet under Executive Order 14233, which prohibits liquidation and directs seized Bitcoin into the Strategic Bitcoin Reserve. [cryptobriefing.com], [decrypt.co]
$BTC This clarification follows concerns after on‑chain analysts observed around $6.3 million in BTC moving from a government‑linked address to Coinbase Prime, prompting fears that U.S. Marshals or DOJ officials had liquidated the assets in violation of federal policy. 🔍⚡
$BTX
However, officials confirmed the transaction did not represent a sale, aligning with President Trump’s order requiring that government‑held BTC remain intact as part of a long‑term reserve strategy. [cryptobriefing.com], [coinmarketcap.com]
The seized funds stem from the prosecution of Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill, who pleaded guilty to operating an unlicensed money‑transmitting business linked to privacy‑focused Bitcoin mixing tools. 🏛️🔒
The developers are currently serving prison sentences, while the seized Bitcoin now strengthens the U.S. Strategic Bitcoin Reserve—deepening federal custody of digital assets without impacting market supply. [decrypt.co], [coinalertnews.com]
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#BitcoinNews #SamouraiWallet #WhiteHouseUpdate #CryptoRegulation 🚀📢