BTC spot

(Continued from the previous article) Bitcoins remaining in U.S. government accounts are actually a by-product of lengthy legal procedures. According to U.S. legal procedures, when U.S. government agencies seize illegal cryptocurrencies, they will not immediately obtain ownership of the assets. Only after a court finally issues a confiscation order can the government formally take ownership of the cryptocurrencies and hand them over to the primary agency responsible for liquidating the seized assets. For example, the U.S. Marshals Service will keep these cryptocurrencies as evidence or proceeds of crime until a final verdict is reached in the case. The U.S. Marshals Service’s liquidation procedures for cryptocurrencies such as Bitcoin are also constantly evolving with the development of the cryptocurrency industry. In the early days of the development of the cryptocurrency industry, the U.S. Marshals Service mainly used the traditional method of holding auctions to convert seized Bitcoins into U.S. dollars, and some buyers also made very good profits as a result. In its current approach, the police department has also taken more measures to ensure that the market will not be greatly affected, including liquidating cryptocurrencies within a longer time window. Generally speaking, judging from the U.S. government’s liquidation process and sales form of Bitcoin, it will not have a big impact on the market. However, in recent years, the U.S. government’s attitude towards cryptocurrencies has been ambiguous. With the adoption of the BTC ETF this year, its direction has been very clear. #BTC $BTC