- The US government has deposited $288 million in seized Bitcoin and Ether into Coinbase Prime, stemming from drug trafficking and money laundering cases.
- This move signifies a shift towards using regulated institutional platforms like Coinbase Prime for managing forfeited digital assets, moving away from bulk auctions.
- The deposits are being closely monitored for potential market impact, as Coinbase Prime facilitates Over-The-Counter (OTC) sales designed to minimize disruption to public markets.
Topics: Asset types, Legal regulatory, Institutional adoption, Alternative assets, Enforcement actions litigation, Onboarding prime brokerage
Tags: #usgovernment #coinbaseprime #bitcoin #ether #seizedassets #drugtrafficking #moneylaundering #otcsales #marketimpact #regulatorycompliance
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