The U.S. government transfers $288 million in seized cryptocurrency to Coinbase Prime.

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According to government crypto regulation updates from BlockBeats, on July 14, 2026, the U.S. government transferred approximately $288 million in seized cryptocurrency to Coinbase Prime. On-chain data from Arkham shows the assets included 2,875 BTC (approximately $178 million) from the Ryan Farace case, 925.512 BTC (approximately $57 million) from the BTC-e case, and 30,007 ETH (approximately $53.09 million) from the Brian Krewson case. This transfer followed an executive order in March 2025 restricting the sale of BTC from the Strategic Bitcoin Reserve. The assets were transferred to Coinbase Prime for custody and asset management. The government still holds $20.65 billion in cryptocurrency, including 324,552 BTC and 28,394 ETH. This update underscores ongoing regulatory and operational shifts in the management of seized digital assets.

BlockBeats news: On July 14, according to on-chain data platform Arkham, U.S. government-related wallets transferred approximately $288 million in seized crypto assets to Coinbase Prime on Monday.


Among these, 2,875 BTC (approximately $178 million) seized from addresses linked to the Ryan Farace ("xanaxman") case and 925.512 BTC (approximately $57 million) from the closed exchange BTC-e case were transferred to Coinbase Prime via newly established intermediary addresses. Additionally, a wallet associated with the Brian Krewson money laundering case directly transferred 30,007 ETH (approximately $53.09 million) to Coinbase Prime.


Reports indicate that this transfer occurred after Trump signed an executive order in March 2025 requiring that seized bitcoins in the strategic Bitcoin reserve not be sold in principle. However, the transfer of funds to Coinbase Prime does not imply a sale, as the platform also provides services such as custody, financing, and asset management.


As of now, U.S. government-related wallets still hold approximately $20.65 billion in crypto assets, including 324,552 BTC, 28,394 ETH, and 145.5 million USDT. This transfer represents only a small portion of their total holdings.

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