Crypto exchanges like coinbase or any other that operates in the US are custodians of your crypto if you have crypto assets on your account through them. If you're doing this it's no different than having your money in your bank instead of your own wallet or safe. The government can freeze or cease your assets with the proper authorization.
If you have your crypto and your own personal wallet then it's completely safe from government seizures as long as they can't find a way to access your passphrase / keys to that wallet.
Most cryptos can be traced because the blockchain ledger is publicly viewable. Most forms of cryptocurrency arent completely anonymous (although there are some privacy coins that are)
While your name and personal information isn't included in that blockchain information on the public ledger, the transactions are so say you want to sell your crypto and exchange it for it for USD that is typically going to involve sending it to an exchange, selling it, and then transferring it to your bank account which is where you lose the rest of the anonymity.
There are some tools and methodologies that allow you to bypass some of this If you know how but it's not what I would consider easy or user friendly and some of them involve risk like in person transactions and cash.
ALOT of people have an idea of crypto that doesn't remotely resemble a basic understanding.
HOLY SMOKES. Treasury Sec. Scott Bessent just FROZE $344 MILLION in Iranian cryptocurrency linked to regime officials
This comes after Bessent got the Gulf nations to OPEN UP regime bank accounts as they surge assets out of Tehran in desperation
Bessent is an economic ASSASSIN 🔥
BESSENT: "Treasury’s Office of Foreign Assets Control is sanctioning multiple wallets tied to Iran — resulting in the freeze of $344 million in cryptocurrency."
"We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime."
Bessent said this recently at the White House: "What may prove to be FATAL mistakes the Iranians made was bombing their [Gulf] NEIGHBORS."
"Who are now willing to be much more transparent in terms of the funds, or do a deeper dive in investigating the funds that are held within their banking systems."
WOW! Sec. Scott Bessent reveals he is in SERIOUS talks with Gulf and Asian countries for more U.S. dollar SWAP LINES
The left is melting down, but this is GENIUS!
Remember when Bessent made us BANK when we did this for Argentina and Javier Milei? He’s about to MULTIPLY THAT 🔥
BESSENT: “They are a testament to the U.S. dollar’s primacy and the strength of America’s economic shield.”
“Many of these countries have pristine sovereign balance sheets and large dollar holdings – larger than many major economies with whom we maintain permanent swap facilities.”
“Extending permanent swap lines can be a major first step in creating new U.S. dollar funding centers in the Gulf and Asia.”
Epic moment when Bessent previously destroyed the fake news on this very topic: 🔥🔥🔥
How do you "freeze" crypto?
Can they freeze all crypto if they wanted to?
I thought crypto contained an element of anonymity.
Crypto exchanges like coinbase or any other that operates in the US are custodians of your crypto if you have crypto assets on your account through them. If you're doing this it's no different than having your money in your bank instead of your own wallet or safe. The government can freeze or cease your assets with the proper authorization.
If you have your crypto and your own personal wallet then it's completely safe from government seizures as long as they can't find a way to access your passphrase / keys to that wallet.
Most cryptos can be traced because the blockchain ledger is publicly viewable. Most forms of cryptocurrency arent completely anonymous (although there are some privacy coins that are)
While your name and personal information isn't included in that blockchain information on the public ledger, the transactions are so say you want to sell your crypto and exchange it for it for USD that is typically going to involve sending it to an exchange, selling it, and then transferring it to your bank account which is where you lose the rest of the anonymity.
There are some tools and methodologies that allow you to bypass some of this If you know how but it's not what I would consider easy or user friendly and some of them involve risk like in person transactions and cash.
ALOT of people have an idea of crypto that doesn't remotely resemble a basic understanding.
Bessent is an apex predictor in the financial world.
"Kinetic activity." What Bessent is really saying is, "We bombed the living crap out of them." HA!
HOLY SMOKES. Treasury Sec. Scott Bessent just FROZE $344 MILLION in Iranian cryptocurrency linked to regime officials
This comes after Bessent got the Gulf nations to OPEN UP regime bank accounts as they surge assets out of Tehran in desperation
Bessent is an economic ASSASSIN 🔥
BESSENT: "Treasury’s Office of Foreign Assets Control is sanctioning multiple wallets tied to Iran — resulting in the freeze of $344 million in cryptocurrency."
"We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime."
Bessent said this recently at the White House: "What may prove to be FATAL mistakes the Iranians made was bombing their [Gulf] NEIGHBORS."
"Who are now willing to be much more transparent in terms of the funds, or do a deeper dive in investigating the funds that are held within their banking systems."
WOW! Sec. Scott Bessent reveals he is in SERIOUS talks with Gulf and Asian countries for more U.S. dollar SWAP LINES
The left is melting down, but this is GENIUS!
Remember when Bessent made us BANK when we did this for Argentina and Javier Milei? He’s about to MULTIPLY THAT 🔥
BESSENT: “They are a testament to the U.S. dollar’s primacy and the strength of America’s economic shield.”
“Many of these countries have pristine sovereign balance sheets and large dollar holdings – larger than many major economies with whom we maintain permanent swap facilities.”
“Extending permanent swap lines can be a major first step in creating new U.S. dollar funding centers in the Gulf and Asia.”
Epic moment when Bessent previously destroyed the fake news on this very topic: 🔥🔥🔥
Hopefully this is going to our strategic bitcoin reserve