US Government Moves $288M in Seized Crypto to Coinbase Prime

The US government has transferred $288 million worth of seized cryptocurrency to Coinbase Prime, stirring up renewed debate over former President Trump's promise not to sell confiscated digital assets. This move, which stops short of an outright sale, has raised questions about the administration's handling of these funds and their potential future use. By moving the crypto to Coinbase Prime, the government is leveraging a professional custodial service, which could help streamline the management and potential monetization of these assets. This development underscores the evolving role of cryptocurrency in government asset management and the ongoing tension between regulatory oversight and financial policy.