Supreme Court won’t stop sale of 69,370 Silk Road bitcoins
Supreme Court won’t stop sale of 69,370 Silk Road bitcoins The nine-month US Supreme Court term began this month, and it’s already impacting the crypto industry. Today, in an announcement of the lawsuits that the justices have agreed to hear during this term, the highest US court declined to hear an appeal regarding 69,370 bitcoins associated with the Silk Road. With the justice’s denial to hear an appeal of Battle Born Investments, et al. v. United States , a 2022 ruling from the US District Court, Northern District of California will probably prevail. Because the lower court ordered the US government to “dispose of the forfeited defendant property according to law,” the US Marshals or another agency might soon have court instructions for liquidating a massive seizure of bitcoin once stolen from the Silk Road. In short, the Supreme Court’s denial of certiorari — a Supreme Court appeal — effectively removes a hold on the sale of $4.4 billion worth of bitcoin . ...