14/07/2026
Crypto News Today: US Government Transfers $300M in Seized Crypto Assets to Coinbase
βOn Monday, the US government transferred nearly $300M in seized Bitcoin and Ethereum to the Coinbase Prime platform. Market participants speculate that this move may be linked to preparations for a potential sale of these assets.
According to Arkham, the transfer included 3,940 BTC valued at approximately $243.95M and 30,014 ETH valued at approximately $53.09M. These cryptocurrencies are associated with several significant seizure cases involving US authorities.
Notably, the transferred Ethereum is linked to Brian Krewson, an Oracle employee implicated in a $54M cryptocurrency storage and money laundering scheme.
The transfers have raised market interest because a possible sale of Bitcoin could conflict with a March 2025 executive order issued by US President Donald Trump. Under this order, Bitcoin seized by the US government must be added to the Strategic Bitcoin Reserve and may not be sold.
However, the transfer to Coinbase Prime does not confirm that the assets are being prepared for sale. The platform offers institutional clients custody, trading, financing, and staking services, suggesting that the transaction may simply be for asset consolidation.
The US government has previously transferred seized cryptocurrencies to Coinbase Prime, but Mondayβs transaction was one of the largest this year involving government-linked wallets.