Post
Topic
Board Bitcoin Discussion
Re: Congress Demand Treasury to Custody all US Acquired Bitcoin
by
apogio
on 09/09/2025, 12:22:57 UTC
This is not unusual. Often times the government will delegate something to a private company because it is more specialized in dealing with those things and is able to do so at a lower cost. However, in this case it would be more better to withdraw all of this from Coinbase. There is an overall benefit from that as Coinbase will have fewer coins, they already have too many stored with them.

Yes that's precisely what I wrote above; that this is the traditional way of doing things. Bitcoin is innovative in this regard.
Essentially, Coinbase does "self-custody" of USA's coins Tongue
It's not a big deal though, meaning that I am more concerned that the huge majority of individuals prefer to allow CEXs to keep their coins for them.