US Authorities to Sell $25m Worth Seized BTCs

US Marshal will sell 14 bitcoin lots: 2 lots of 500 BTC, 11 lots of 100 BTC and one lot at 70 BTC.
06 March 2018   746

The US Marshals intend to auction bitcoins worth about $ 25 million, CoinDesk reports.

Sale of 2 170 BTC will take place on March 19. Interested persons must make a deposit of $ 200,000 and be registered in accordance with all requirements until March 14.

At auction will be exhibited 14 individual lots: 2 lots of 500 BTC, 11 lots of 100 BTC and one lot at 70 BTC.

According to the message of the department, the crypto currency was confiscated in the course of investigation of various criminal, civil and administrative cases, beginning with federal lawsuits and ending with cases related to drug trafficking.

The origin of bitcoins can be found on a special page. According to the information presented there, among other things, the bitcoins associated with the case of Shaun Bridges, a former Secret Service agent, who was tempted and stole the crypto currency in the investigation of the illegal trading site Silk Road, are offered.

It is worth noting that this is not the first such auction held by the Federal Executive Service of the United States. In February, the agency sold more than 3,600 BTC for $ 30 million. One of the winners of the auction was the company Riot Blockchain, which was subsequently accused by investors of making dubious transactions and spreading false statements.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   170

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.