The US Supreme Court has declined to review a case involving the ownership of 69,370 Bitcoins (~$4.38 billion) that the US government seized from the black market Silk Road.
The request for review was brought by Battle Born Investments, a company that claimed it had the right to buy back the seized Bitcoins through a bankruptcy estate contract, but the judge ruled that the company did not have a valid right to buy the BTC.
This means that the BTC could be sold by the Treasury if it wanted to. That doesnât mean it would sell the BTC, but it is a possibility. Former President Donald Trump has promised not to sell any BTC held by the Treasury if he is elected, but Election Day is still about a month away.
