Again with this playbook—federal guidance is more like a formality, and the Southern District prosecutors just sell whenever they want. Who can hold them accountable?
This directly triggers the risk threshold of the regulatory framework. This kind of uncertainty is even worse than a bear market.
This move by the Department of Justice is genuinely hard to parse—the policy implementation layer and decision-making layer are so disconnected. How do you establish predictability going forward?
Seizure equals liquidation—that logic is pretty unreasonable. The strategic reserve plan gets completely sidelined.
So much for the binding constraints, only to be circumvented. I can see this risk premium materializing.
美国司法部处置没收BTC引争议：是否违背战略储备指导？
【币界】关于美国没收加密资产的处置方式，最近引发了不少讨论。根据相关联邦指导意见，没收的BTC应该被存放在美国的战略BTC储备中。但从Samourai案件来看，美国司法部似乎另有打算——开发者在认罪协议中交付的BTC已经被出售了。
这还不是孤立事件。在Samourai案的处理过程中，南区地方检察官办公室已经多次在执法中绕过了联邦层面的政策指导。从没收、处置到执行的各个环节，都有些让人看不太懂的操作。
这引出了一个问题：联邦指导意见到底有多强的约束力？或者说，司法部门在具体执行时，是否总能确保与高层政策保持一致？这对整个加密货币监管框架的统一性和可预测性，都有一定影响。