The United States Supreme Court has rejected a case involving the ownership of 69,370 Bitcoin seized from Silk Road, allowing the government to proceed with selling the $4.38 billion in BTC. Battle Born Investments lost their claim to the Bitcoin after a federal court in California ruled against them in 2022. The court doubted that Raymond Ngan, linked to the stolen BTC as 'Individual X,' was truly the debtor in question. A subsequent appeal in San Francisco upheld the ruling, and now with the Supreme Court's decision, the government can move forward with selling the seized funds. Recent actions by the U.S. government involving large amounts of seized Bitcoin have raised concerns about market volatility. The debate over the handling of seized Bitcoin has become a topic of interest, with former President Donald Trump proposing to create a national Bitcoin reserve if re-elected. Read more AI-generated news on: https://app.chaingpt.org/news

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