Post
Topic
Board Bitcoin Discussion
Re: Congress Demand Treasury to Custody all US Acquired Bitcoin
by
apogio
on 09/09/2025, 08:13:09 UTC
But last year the government transferred about 19,800 Bitcoin to Coinbase Prime wallet.

Ok so it’s Coinbase’s coins now. Yes there’s a plethora of issues that can happen here. Who is responsible if the coins are lost? And, more importantly, what if Coinbase has a boating accident? I guess you can get my point, it feels like either coinbase is becoming a state’s asset holder, or the state trusting them can lead to serious financial consequences.