The relationship between the US government and Bitcoin $BTC
The U.S. government has seized large amounts of Bitcoin through multiple cases and has become one of the institutions holding the largest number of Bitcoins. What to do with these Bitcoins has become the focus of the market.
Unlike other holders, the U.S. government pays little attention to Bitcoin price fluctuations and has no long-term holding plans. However, the process of converting Bitcoin into U.S. dollars is extremely slow and requires lengthy legal procedures.
Under legal proceedings, ownership of cryptocurrencies seized by government agencies is uncertain until a court orders a seizure.
The U.S. Marshals Service's liquidation process has evolved with the industry and is taking steps to ensure the market is not significantly impacted. $BTC
Still, the U.S. government’s attitude toward cryptocurrencies remains unclear, and whether other means to intervene is uncertain.
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