Recently, rumors about the US government confiscating Bitcoin have been buzzing, and a White House advisor has come out to clarify.



Here's what happened: earlier reports stated that the US Marshals Service transferred 57.5 BTC (worth approximately $6.3 million) seized from the Samourai Wallet case in November last year to a mainstream exchange platform, and it was suspected to be listed for sale. This drew a lot of attention—how could the government be selling Bitcoin?

The head of the White House's digital assets department then made a clear statement, confirming that the Department of Justice has not sold these Bitcoins at all. He emphasized that these assets will be retained in government records in accordance with relevant executive orders as part of the national strategic reserve.

Regarding this executive order, it was actually signed by the President last March. Its core content is to prohibit the government from selling Bitcoin obtained through criminal or civil forfeiture. The purpose is very clear—to convert these assets into a national strategic reserve. Any illegal sale would directly violate the President's core cryptocurrency policy.

By the way, the confiscation involved two developers from Samourai Wallet. They were sentenced to 4 and 5 years in prison respectively last year, and a total of approximately $237 million worth of illegal proceeds, mainly Bitcoin, were confiscated.

So, it appears that this batch of Bitcoin has truly been incorporated into the strategic reserve, rather than being released into the market. This also reflects the recent clear stance of the government on Bitcoin policy.
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HodlKumamonvip
· 4h ago
Oh my god, this reversal is really intense. I thought it was going to crash for sure. The government is stockpiling coins, now us retail investors finally have a backing. The data seems to be genuinely moving in a positive direction.
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LightningSentryvip
· 4h ago
Oh wow, the story of the government hoarding coins is quite interesting. It seems they're really playing a big game.
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MiningDisasterSurvivorvip
· 4h ago
We've all been through it. I've seen the government's tactic of hoarding coins too many times. The so-called strategic reserves can be turned into cash instantly, don't believe this kind of rhetoric.
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GasFeeSobbervip
· 4h ago
Damn, the government is also starting to hoard coins. Are they trying to compete with us for BTC?
View OriginalReply0
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