US Government moves 10k Bitcoin to Coinbase wallets

in bitcoin •  2 days ago 

Is this a final F-You to Trump on the way out?

It looks like the Biden admin has one more F You on the way out.

They transferred roughly a billion dollars worth of bitcoin to Coinbase:

image.png

(Source: https://x.com/BitcoinMagazine/status/1863631968270741676/photo/1)

Historically this has been to sell, but it's not clear what is going on.

It's pretty lame if they are selling it considering the incoming administration has said they will not be selling and will probably be buying it.

Not sure what the legal precedent is here.

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2 days ago by

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