US Authorized to Sell 69,000 Bitcoins Seized from Hacker, Impacting Trump's Crypto Plans

US Authorized to Sell 69,000 Bitcoins Seized from Hacker, Impacting Trump's Crypto Plans
The U.S. Department of Justice received court approval to sell 69,370 Bitcoins, marking the largest crypto seizure in history. Stolen from a 2012 Silk Road hack, these assets could potentially disrupt Bitcoin's current valuation of $92,000. The announcement has raised concerns about market volatility and its implications for President-elect Donald Trump's plans to establish a U.S. crypto reserve. Critics warn that the sale may further impact Bitcoin's price, which has already seen fluctuations. Trump's pro-crypto stance adds complexity to the situation as the market braces for potential fallout.