According to the latest news revealed by Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, the U.S. Department of Justice has officially confirmed that the digital assets confiscated from Samourai Wallet are currently frozen and will not be liquidated.
What does this mean? In simple terms, these seized cryptocurrencies will not be auctioned or converted into USD. The relevant authorities will handle them appropriately according to specific legal provisions. For crypto users concerned about U.S. regulatory developments, this information sends a signal: the government is taking a relatively cautious approach when dealing with cases involving crypto wallets.
The Samourai Wallet incident has always attracted attention, and this official clarification somewhat alleviates market concerns about forced liquidation of digital assets.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
InscriptionGriller
· 13h ago
Oh no, the government freezes assets but doesn't liquidate? I know this trick well, they just haven't figured out how to handle it yet.
"Proper handling" is just a universal excuse; in plain terms, it's just dragging it out.
That wave of retail investors in Samourai finally gets a breather, but don't celebrate too early—freezing ≠ returning, understand?
View OriginalReply0
AirdropSweaterFan
· 13h ago
Just freeze it if you want, since you can't get it back anyway. The key is not to turn it into USD.
View OriginalReply0
GasFeeNightmare
· 13h ago
Damn, freezing without liquidation? Is this reassuring the market or just delaying...
The government suddenly talks about morality, but I feel even more uneasy...
Wait, are they laying the groundwork for the next big move?
Can Samourai's coin come back? That's the real key, brother...
I'm a bit confused, how long can the freezing state last?
I can't trust the US government's actions on this, let's wait and see...
Feels like the regulatory authorities are pretending to be cautious, but actually still want to control the initiative of these assets...
Hold on, is this good news or bad news? I need to think about it more...
View OriginalReply0
DeepRabbitHole
· 13h ago
Wait, freezing without liquidation? This is reassuring the market. Finally, we don't have to worry every day that the government will seize and auction our coins.
View OriginalReply0
MetaverseMigrant
· 13h ago
Not being liquidated? Then just hold it, anyway, there's nothing you can do...
View OriginalReply0
QuorumVoter
· 13h ago
Frozen status? Sounds like there's still a lawsuit going on, and this asset might be stuck for a long time.
View OriginalReply0
FlatlineTrader
· 13h ago
No liquidation? Then what are we waiting for, or is the government still figuring out how to handle it...
According to the latest news revealed by Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, the U.S. Department of Justice has officially confirmed that the digital assets confiscated from Samourai Wallet are currently frozen and will not be liquidated.
What does this mean? In simple terms, these seized cryptocurrencies will not be auctioned or converted into USD. The relevant authorities will handle them appropriately according to specific legal provisions. For crypto users concerned about U.S. regulatory developments, this information sends a signal: the government is taking a relatively cautious approach when dealing with cases involving crypto wallets.
The Samourai Wallet incident has always attracted attention, and this official clarification somewhat alleviates market concerns about forced liquidation of digital assets.