U.S. Government's Bitcoin Sale Process Clarified

According to Odaily, Aidan Larkin from Asset Reality addressed questions regarding the U.S. government's handling of Bitcoin, stating that recent court approvals are part of the standard procedure for any civil forfeiture. He emphasized that this does not mean the U.S. will immediately proceed with selling the Bitcoin. The sale must adhere to a very strict process. Larkin further explained that at some point in the future, the Bitcoin will go through normal government procedures, including a civil forfeiture application hearing, obtaining approval, and then proceeding through the usual marshal procedures and public domain. Asset Reality, known for its extensive experience in managing seized assets, assists the government in this area. Additionally, Larkin noted that the likelihood of these Bitcoins being added to a potential strategic Bitcoin reserve is low, advising against high expectations.