USMS Denies Selling Bitcoin After Court Doc, On-Chain Buzz

Bitcoinistcom
BTC-1,57%
ON-9,1%

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Marshals Service (USMS) says it did not sell 57.5 Bitcoin that crypto media and on-chain sleuths had recently flagged as liquidated, pushing back on a narrative that the government may be offloading coins despite the Strategic BTC Reserve directive by US President Donald Trump.

The dispute surfaced after Bitcoin Magazine cited court paperwork that appeared to authorize liquidation of BTC tied to the Samourai Wallet case, and as blockchain movements showed the coins landing at Coinbase Prime, activity that traders often treat as a sale signal, even if it is not definitive on its own.

Wyoming Sen. Cynthia Lummis, one of Washington’s most vocal Bitcoin proponents, seized on the reporting to question why the government would be selling at all. “We can’t afford to squander these strategic assets while other nations are accumulating Bitcoin. I’m deeply concerned about this report,” she wrote on X, referencing the purported Samourai-linked sale.

No Bitcoin Sold: USMS

At the center of the controversy is Executive Order 14233, which requires BTC obtained via criminal or civil forfeiture to be preserved as part of a US Strategic BTC Reserve. The reporting suggested the alleged sale clashed with that mandate.

Related Reading: Bitcoin Investor Behavior Diverges: Whales Buying, Retail SellingAfter DL News published its story, however, USMS directly denied that any such sale occurred, also criticizing the reporting process: [The USMS] has not sold the Bitcoin mentioned and it has no idea how Bitcoin Magazine would get that information. But they did not fact check nor contact us for information.”

Furthermore, the US Marshals told DL News that “USMS cryptocurrency liquidations go through a multi-level approval process to ensure only forfeited digital assets that meet the requirements of Section D of Executive Order 14233 are disposed.”

Related Reading: Bitcoin Core V30 Bug Risks Total Wallet Loss For Legacy UsersWhat sparked the confusion in the first place was a document described as an “Asset Liquidation Agreement” and an associated dollar figure—$6,367,139.69—tied to 57.5 BTC that were transferred on Nov. 3, 2025, in connection with the Samourai matter. Separately, on-chain tracking showed the same 57.5 BTC deposited to Coinbase Prime, a pattern that can be consistent with liquidation but “could not prove” a sale by itself.

In the Samourai case, federal authorities arrested developers Keonne Rodriguez and William Lonergan Hill in 2024, alleging the service operated as an unlicensed money transmitting business used by criminals. The report at issue centered on BTC that the developers paid to the Department of Justice as part of a guilty plea.

At press time, BTC traded at $89,915.

Bitcoin price chartBTC price remains below the 0.618 Fib, 1-week chart | Source: BTCUSDT on TradingView.comFeatured image created with DALL.E, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Michael Saylor’s 'Turn of the Century' Post Sparks Fresh Bitcoin Buy Speculation

Michael Saylor's recent orange dot chart post suggests another potential bitcoin acquisition by Strategy, sparking speculation among traders. Historically, similar posts have preceded formal buy disclosures, leading to heightened market anticipation.

Coinpedia15m ago

Crypto News Today: Pepeto Presale Delivers Faster Math Than BTC’s 88% Odds of $122K as ARK Invest Buys $19M Dip

An 88% chance Bitcoin hits $122,000 within ten months sounds like a gift. But that is an 85% return from current levels, and it takes almost a year. ARK Invest bought $19 million at 15 month lows. Bernstein calls for $150,000. Wells Fargo sees $150 billion in fresh capital entering by end of

CaptainAltcoin21m ago

Middle East geopolitical conflicts boost demand for safe-haven assets. What are the defensive assets?

The escalating conflict in the Middle East has triggered investor demand for safe-haven assets, including the US dollar, gold, and the Swiss franc. Shipping safety in the Hormuz Strait has become a focal point, with potential oil price increases possibly adding to global inflationary pressures. The stock market is facing re-pricing, with defensive sectors performing better, while Bitcoin experiences significant volatility amid market fluctuations. The UAE Securities Exchange will be closed due to the conflict, impacting economic stability.

ChainNewsAbmedia27m ago

Hyperliquid Whale Sees $42M Bitcoin Long Position Partially Liquidated After BTC Pullback

A trader on Hyperliquid made a risky $42 million long bet on bitcoin using 40x leverage, which partially liquidated after BTC fell below $66,000. Now, with a precarious position, further losses could trigger another liquidation as the account's equity drops significantly.

Coinpedia2h ago

Bitcoin Undervalued vs Gold: Analyst Signals Rally Ahead

Bitcoin (CRYPTO: BTC) is widely cited as undervalued when measured against traditional stores of value like gold and the broad money supply, according to Samson Mow, the chief executive of Bitcoin technology firm Jan3. In a Saturday post on X, Mow argued that BTC sits roughly 24% to 66% below its tr

CryptoBreaking2h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)