The Bitcoin that was taken from the Samourai Wallet developers has not been sold, according to the White House, and will be added to the US government’s Bitcoin reserve.
The almost $6.4 million in funds was confiscated as part of a criminal prosecution against William Lonergan Hill and Keonne Rodriguez, the developers of Samourai. Legal documentation that seemed to permit asset disposal raised concerns.
The head of President Trump’s Digital Assets Council, Patrick Witt, stated that the Justice Department has confirmed that Bitcoin would not be liquidated. Rather, it will be deposited into the federal Bitcoin reserve.
Rodriguez and Hill are currently incarcerated after entering guilty pleas to running an unauthorised money transmission service. The case has drawn attention from privacy advocates worried about the future of privacy-focused software.
The clarification eases fears of forced selling but continues to spark debate over regulation, privacy, and the treatment of developers building financial privacy tools in the United States.
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