US Government Moves $288M in Seized Crypto to Coinbase Prime
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60-second summary
The US government has transferred $288 million in seized cryptocurrency to Coinbase Prime, its designated custodian, sparking renewed debate about a potential sale. This move stops short of an actual sale, but it revives questions about Donald Trump's pledge to not sell seized cryptocurrency, leaving the market to speculate on the government's intentions and potential implications for the industry.
The seized coins landed at the government's custodian, which stops short of a sale but has revived questions about Trump's no-sell pledge.