During the Bitcoin 2024 conference, Donald Trump pledged to make the US the global crypto hub, vowing to retain the country's Bitcoin reserves if re-elected. However, concerns arise over the legalities of holding seized assets. The US government currently holds 212,847 BTC, valued at $14.4 billion, originating from the Bitfinex hack. Questions loom over asset forfeiture laws and the fate of these funds. Trump's commitment to holding all BTC assets may not defy court orders, hinting at flexibility. In a separate matter, Trump proposed commuting Silk Road founder Ross Ulbricht's sentence, involving seized BTC worth $3.4 billion. While a commutation would uphold Ulbricht's conviction, a pardon could absolve him, though recent developments suggest he may have forfeited his claim to the funds. The legal complexities surrounding these crypto-related promises add layers of uncertainty to Trump's vision for the US in the crypto sphere. Read more AI-generated news on: https://app.chaingpt.org/news