#加密货币监管 Seeing the US Marshals quietly transfer the $6.3 million worth of seized Bitcoin to Coinbase Prime and then wipe it out, I knew this was just another episode. Officially, they say they want to build strategic reserves, but behind the scenes, they’re cashing out—I've seen this trick too many times.

The key point is that these Bitcoins were seized from the Samourai Wallet developer. According to Executive Order 14233 by Trump, Bitcoins seized through criminal proceedings must go into the reserve vault, explicitly stating "not for sale." Yet, the Southern District of New York Federal Court acts as if they don’t see this, and they proceed anyway. This isn’t the first time they’ve done this—The Tornado Cash case is also being pushed forward by them, completely ignoring the earlier guidance memo from Deputy Attorney General Blanche.

What I want to say is that this reflects a harsh reality: regulators’ attitude towards cryptocurrency is far more complex than their official statements suggest. They make one promise publicly, but operate differently behind the scenes. Those shouting "the crypto war is over" should be wary of this kind of deception. The real risk isn’t market volatility, but the uncertainty of the rules themselves—you never know how enforcement agencies will interpret the orders from above.

What does this mean for on-chain users? It’s simple: don’t blindly believe that official statements will change anything. Keep a low profile, stay away from gray areas, and avoid tools and platforms that are easy targets for crackdown. That’s the real secret to long-term survival. No matter how good the policy environment looks, it can always be twisted by a local court. Instead of betting on policies, it’s better to focus on managing your own risks.