🇺🇸 Important update on Samourai Wallet and the US government's BTC
The US Department of Justice has confirmed: BTC seized in the Samourai Wallet case (about $6.4 million) has not been sold and will not be sold.
Executive Secretary of the White House Crypto Council Patrick Witt stated that these coins are held by the government and remain on its balance sheet as part of strategic BTC reserves.
The confiscated bitcoins have been credited to a special blockchain account — Special Blockchain (Bitcoin) Reserve / SBR, created by a separate presidential decree.
The presidential decree prohibits the sale of BTC obtained through confiscations and forfeitures, and requires them to be held as a strategic asset rather than being dumped on the market.
🤔 For traders, this means lower risk of uncontrolled large-volume state sales of BTC and a more predictable liquidity backdrop, especially against the backdrop of the increasing role of the US as a holder of strategic bitcoin reserves.