⚡The U.S. government has transferred a significant amount of Bitcoin to centralized exchanges, sparking widespread criticism within the crypto community. Over the past few days, authorities moved 26,000 BTC worth $2.49 billion, including 19,800 coins to Kraken, of which approximately 10,000 may have been sold, according to CryptoQuant.
⚡Jason Lowery, a U.S. Space Force expert, called this a strategic mistake, likening it to Executive Order 6102 of 1933, which banned gold hoarding. Coinbase CEO Brian Armstrong also questioned the rationale behind the sale.
⚡Some analysts speculate that these transactions might represent asset consolidation rather than direct sales. However, the government’s actions have heightened concerns about the Biden administration’s stance on digital assets.