U.S. Faces Scrutiny Over Bitcoin Sale Despite Strategic Reserve Order

TheNewsCryptoОпубліковано о 2026-01-06Востаннє оновлено о 2026-01-06

Анотація

The U.S. government is under scrutiny for allegedly violating its own Executive Order 14233, which mandates that seized Bitcoin must be held in a Strategic Bitcoin Reserve and not sold. Despite this, the U.S. Marshals Service transferred approximately 57.55 BTC (worth $6.3 million) seized in a legal case involving Samourai Wallet to Coinbase Prime, effectively selling it. This action contradicts the order’s intent to treat Bitcoin similarly to gold reserves. U.S. Senator Cynthia Lummis has criticized the move, warning it could weaken the country’s strategic position as other nations accumulate Bitcoin. The incident raises concerns about inconsistent crypto policies and eroding trust in U.S. digital asset strategy.

The controversy has been whether the U.S. government is breaking its own rule by selling Bitcoin that was supposed to be kept as part of the national Bitcoin reserve. They already passed Executive Order 14233 that if the government seized the Bitcoin, then it should not be sold.

In November 2025, The Developer of the Samourai Wallet was involved in a legal case, and as part of the Plea Deal with the U.S. Department of justice they agreed to surrender about 57.55 BTC worth $6.3 million. This seized Bitcoin was handled by the U.S. Marshals Service, which manages all the seized assets. Instead of holding the Bitcoin, the Blockchain data shows that the BTC was transferred to Coinbase Prime, which was a private exchange platform. Now the Wallet shows the Zero Balance. This clearly shows that Bitcoin has been sold.

What the Strategic Bitcoin Reserve Is and Why This Sale Raises Questions

As per the Executive Order of 14233 Any Bitcoin that was seized must be kept in the Strategic Bitcoin Reserves. The Order clearly states that the Government BTC shall not be sold. The Thai Order is passed to keep Bitcoin like the Gold Reserve, not for selling out quickly. The U.S. government has approximately 325,000 BTC in its Reserve, which is primarily accumulated from law enforcement seizures. As per the order, if the Bitcoin were sold, then it would violate this executive order.

Cynthia Lummis, a U.S. Senator and a strong Bitcoin supporter, has publicly criticized the situation. She said that the government should not sell Bitcoin when the President ordered agencies to preserve it. She also warns that the other countries are preserving Bitcoin, but the U.S. could be weakening its strategic positions.

This situation raised Serious Concerns that whether the Federal Agencies are ignoring the white house directives or the U.S. Crypto policies are inconsistent. These types of actions could decrease the trust in the U.S. Crypto Strategy and would put the U.S. behind other Countries in Digital Asset Competition. The lawmakers and the crypto community are closely watching until there is a clear explanation from the U.S. government.

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TagsBitcoinbitcoin reserve

Пов'язані питання

QWhat is the main controversy surrounding the U.S. government's recent Bitcoin sale?

AThe controversy is whether the U.S. government is violating its own Executive Order 14233 by selling Bitcoin that was supposed to be held in the national Bitcoin reserve instead of being sold.

QHow much Bitcoin was seized from the Samourai Wallet developer and what was its value?

AApproximately 57.55 BTC was seized, worth $6.3 million at the time.

QWhich government agency handled the seized Bitcoin and where was it transferred?

AThe U.S. Marshals Service handled the seized Bitcoin and transferred it to Coinbase Prime, a private exchange platform.

QWhat does Executive Order 14233 specify about seized Bitcoin?

AExecutive Order 14233 states that any seized Bitcoin must be kept in the Strategic Bitcoin Reserves and shall not be sold, similar to how gold reserves are maintained.

QWho has publicly criticized the government's action and what was their concern?

AU.S. Senator Cynthia Lummis criticized the action, stating that the government should not sell Bitcoin when ordered to preserve it, and warned this could weaken the U.S. strategic position compared to other countries accumulating Bitcoin.

Пов'язані матеріали

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

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The Value Distribution of Stablecoins

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The Value Distribution of Stablecoins

The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

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How to Do Research Well: Deliberately Practice the Real Skills That Matter

No one truly teaches you how to do research. You're often given a desk, a pre-selected problem, and vague instructions to "create something new." Consequently, many people reverse-engineer the job based on visible outputs—papers, posts, announcements—learning only how to *appear* like a researcher rather than how to *become* one. True research capability is built from stacking small, trainable skills, nearly all of which can be developed through deliberate practice. **Pick Your Own Problem:** Most researchers absorb problems from advisors or trends, lacking the underlying reasoning. Choosing a problem you genuinely care about, as John Schulman advises, leads to original work. Develop "taste" like a muscle: predict experiment outcomes, guess paper results from methods, and track which findings remain important over time. **Upgrade Your Inputs:** Relying on shared reading lists (arXiv hot lists, filtered group chats) leads to unoriginal conclusions. Undervalued old literature often holds crucial insights (e.g., MoE, LSTM, backpropagation). Richard Sutton's "The Bitter Lesson" or Claude Shannon's 1952 talk on creative thinking are more predictive than lengthy modern surveys. Breadth matters as much as depth: draw from neuroscience, mechanism design, hardware knowledge, and honest statistics. Read papers directly, especially appendices and limitations sections. **Write Everything Down:** As Paul Graham noted, writing exposes flaws in seemingly mature ideas. Writing is the cheapest defense against self-deception. Following Feynman's principle, Darwin programmatically wrote down facts contradicting his theory to combat memory bias. Maintain a detailed log of hypotheses, setups, predictions, results, and updated understandings. Reviewing past logs fosters essential humility.

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