According to a list of total bitcoin reserves provided by the US Marshal Service (US Sheriffs Service), this agency has 28,988.35 BTC or approximately 3.44 billion dollars at the current currency price. The request of the holding registry was requested by an independent journalist on March 24, and the registration was received and made public on July 16, 2024. Part of the community, partly due to a misunderstanding or exercising a healthy skepticism, argues that these holdings represent a significant cut of the 200,000 BTC that, according to David Sacks, the US government possesses.
According to the independent journalist who He received the reportsthe almost 29,000 BTC correspond exclusively to the service of US sheriffs. This liquid agency active in public auctions, so it can be understood that the agency’s holdings is more or less reliable.
In principle, the most feasible explanation is that it is a collective misunderstanding. He US Marshal Service It is only one of several federal agencies in the United States responsible for administering assets confiscated by the US justice. This amount of BTC, then, do not represent total or representative holdings of government strategic reserves. Where would the rest of government bitcons be? This is the right question, and problematic.
Knowing the exact amount of bitcoins saved in government coffers is assuming a problem for Bitcoin accounting researchers. So much Sanifounder of Time Chain Index, and David Baileypresident of Bitcoin Magazine, admit that federal government accounts seem intact.
However, they comment that a custodian as Coinbase could be facilitating exchanges on behalf of certain US government entities. UU., “Allowing the currencies to change hands without leaving a mark on the chain.” This implies that although Bitcoin is a public network, the government He could be finding ways to anonymize his transactions.
However, there are no conclusive evidence of this anonymization. According to Arkham Intelligencea tracker of entities in Bitcoin, the United States government has in its possession 198,000 BTC at the time of writing, and 94,000 of them would be returned to Bitfinex, its legitimate holder, although it is not known when and the government has not pronounced more on the subject. Discussing the return, the BTCs represent more than 23,000 billion dollars, with which the Government has practically the entire Bitcoin that David Sacks said, as cryptooticies reported.
It is not implausible that the United States has more bitcoin than it admits, although there are no conclusive evidence that suggests it. It would be paradoxical, although not surprising, that the government takes shortcuts to disguise the total amount of its holdings. Especially now, that American legal jurisdiction It is the headquarters of a trial that condemns financial privacy embodied in Roman Stormco -founder of Tornado cash and developer and propeller of these technologies.
Unless Arkham does not possess a complete record of the directions associated with the US government or that this registration is incorrect, which is possible, the government is likely to possess both Bitcoin and said David Sacks, the federal authority regarding cryptoactive. Apparently, the government representative would not be lying, and the stir caused by the US Marshal Service holdings was unnecessary. It also means that if the US is disguising and anonymizing its Bitcoin treasury, privacy criminalization applies to everyone, except who should fear the most than the exercise: the federal government.
