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

Bitcoinistcom
BTC0,51%
ON1,61%

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

Cryptocurrency News Today (March 25) | Robinhood Plans to Repurchase $1.5 Billion in Stock; Ireland Seizes $35 Million in Bitcoin

This article summarizes cryptocurrency news from March 25, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time crypto prices, and price predictions. Today's major events in the Web3 sector include: 1. Irish law enforcement cracks convicted drug dealer's Bitcoin wallet, seizing 500 BTC worth $35 million; 2. Robinhood launches $1.5 billion stock buyback plan as stock price falls 39% in 2026; 3. Elon Musk pauses X platform creator revenue reform, keeping crypto content incentives stable.

GateNews8m ago

BTC if continues to rise to $72,100, the second largest on-chain short position of 46.4 million will face partial liquidation

Hyperinsight data shows that a bearish crypto whale increased their BTC short positions by approximately 150 BTC over the past hour, bringing their total position size to $46.6 million. The whale currently has an unrealized loss of $520,000. The whale has set stop-loss and take-profit orders to manage market volatility.

BlockBeatNews10m ago

Gold’s longest losing streak in a century meets bitcoin’s resurgence

Gold is facing its longest losing streak in over a century, dropping 27% from its January peak, but recently rebounded slightly. Meanwhile, Bitcoin has outperformed, with significant inflows into Bitcoin ETFs, while gold ETFs see outflows.

CoinDesk19m ago
Comment
0/400
No comments