List of Flash News about Government Crypto Reserve
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2025-07-04 12:20 |
DOJ's $225M USDT Seizure Signals Crypto Crime Crackdown and Potential U.S. Government Stockpile
According to FoxNews, the U.S. Department of Justice (DOJ) has moved to seize $225 million in USDT tied to 'pig butchering' scams, a move described by former acting U.S. Attorney Phil Selden as a 'tone-setting case' for increased enforcement. The investigation, which received key information from the crypto exchange OKX, uncovered a sophisticated laundering network that processed approximately $3 billion in transactions and was linked to the collapse of Heartland Tri-State Bank after its CEO embezzled $47 million. For traders, a significant implication is that the seized crypto, primarily USDT, may be earmarked for a future U.S. government stockpile, as ordered by President Donald Trump. This could lead to the establishment of a formal government reserve for Bitcoin (BTC) and other cryptocurrencies, potentially impacting long-term market dynamics through government-controlled holdings and future liquidations. |