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Did Federal Prosecutors Act Against Executive Order When Liquidating Bitcoin from the Samourai Wallet Seizure?
The recent handling of forfeited digital assets by the Department of Justice has raised questions about compliance with presidential directives on cryptocurrency. When federal authorities seized Bitcoin tied to the Samourai Wallet case, the subsequent sale of these assets sparked debate about whether the liquidation process aligned with existing executive mandates on digital currency management.
The incident highlights the ongoing tension between traditional asset forfeiture procedures and evolving policy frameworks governing Bitcoin and other cryptocurrencies. Critics argue that converting seized crypto holdings into fiat currency without explicit authorization may circumvent recent administrative guidance on how federal agencies should handle digital assets.
This case underscores broader challenges facing law enforcement agencies as they navigate between conventional asset seizure protocols and the unique characteristics of blockchain-based holdings, particularly when new executive orders introduce alternative approaches to managing government-held cryptocurrency.