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US Govt Moves $244M in Bitcoin to Coinbase: Did Trump Break His Promise?

According to knowledge coming from Arkham Intelligence, wallets linked to the United States authorities have moved nearly $300 million in bitcoin and ether to Coinbase Prime, reigniting issues that Washington may very well be making ready to promote a part of its large BTC stash regardless of Trump’s earlier pledge.

The report famous that the moved bitcoin originated from belongings seized in instances related to convicted dark-web supplier Ryan Farace and the defunct BTC-e change. The ETH was linked to Brian Krewson, who was implicated in a crypto custody and money-laundering scheme.

Will Trump Break His Promise?

The transfers in query have been for 3,940 BTC (valued at round $244 million on the time) and 30,014 ETH (price roughly $53 million), making the full $297 million. Although the transfers don’t essentially represent gross sales, shifting massive sums to Coinbase Prime typically fuels hypothesis as a result of the platform gives institutional buying and selling and execution providers.

Nevertheless, Coinbase’s arm additionally supplies custody, financing, and different infrastructure, which means that the switch alone doesn’t affirm whether or not the US authorities has certainly liquidated the crypto stash.

If that they had, although, the ramifications may very well be fairly important. Recall that US President Donald Trump signed an government order in March 2025 establishing a Strategic Bitcoin Reserve, which promised that no government-owned BTC, together with seized funds, can be offered if they’re deposited into it.

No Necessary Violation

The wording is what issues probably the most right here. The government order doesn’t essentially prohibit each authorities offloading of seized BTC. Instead, its no-sale requirement particularly applies to the funds which were transferred into the Strategic Bitcoin Reserve.

It additionally supplies exceptions permitting government-controlled cryptocurrencies to be returned to verified victims, used for law-enforcement functions, shared with state or native authorities, offered underneath a court docket order, or launched to fulfill present statutory obligations.

As such, even when the US authorities had moved and offered $297 million in bitcoin and ether, it wouldn’t essentially imply there was a violation of the principles. The key unanswered questions as of press time are whether or not the transferred funds had formally entered the reserve and whether or not they stay nonetheless topic to restitution, forfeiture, or different authorized necessities.

The put up US Govt Moves $244M in Bitcoin to Coinbase: Did Trump Break His Promise? appeared first on CryptoPotato.

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