The U.S. government has secured final approval in the Northern District of California to liquidate crypto’s largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
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The ruling alone doesn’t guarantee immediate liquidation since federal asset forfeiture involves multiple administrative steps and potential appeal windows.
Checking out, cashing in
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Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
Trump timing
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