The spike comes days after US President Donald Trump suggested that another shutdown remains likely, stating that the country could “end up in another Democrat shutdown.” The timing has reinforced market expectations that political gridlock is once again becoming a near-term risk.

Budget Standoff Clouds Regulatory Timelines

The renewed shutdown threat is not limited to fiscal politics. It also casts uncertainty over the CLARITY Act, a major crypto bill designed to bring regulatory clarity to digital assets. Previous delays to the bill were widely linked to the record 43-day US government shutdown in October and November, making the current risk particularly sensitive for the crypto industry.

Senate Tensions Intensify

Political pressure increased after Senate Majority Leader Chuck Schumer said Democrats would not support advancing an appropriations bill that includes funding for the Department of Homeland Security. The statement underscored how fragile negotiations remain, with key funding issues still unresolved.

US officials have not ruled out a shutdown scenario, adding to the sense that negotiations could break down rather than move forward quickly.

Crypto Industry Support Remains Fragile

The uncertainty has already affected sentiment around the CLARITY Act. Coinbase CEO Brian Armstrong and several industry executives have withdrawn support, arguing that the current draft could be worse than maintaining the status quo.

Galaxy Digital research head Alex Thorn has also flagged unresolved disagreements, particularly around stablecoin yield structures. According to Thorn, these issues remain one of the most divisive points, with no clear compromise yet in sight.

As Polymarket odds continue to price in a shutdown, the risk is no longer theoretical. Political deadlock now threatens to delay both fiscal decisions and crypto regulation timelines, keeping markets on edge heading into the final days of January.

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Official Confirmation: No Bitcoin Has Been Sold

Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, publicly confirmed that the allegations are unfounded. According to Witt, the US Department of Justice (DOJ) has formally verified that Bitcoin seized in connection with the Samourai Wallet case has not been sold or liquidated.

Witt emphasized that these digital assets remain under government custody and have not entered any disposal or liquidation process. This clarification directly contradicts earlier speculation that the government had actively moved seized Bitcoin into the market.

Strategic Bitcoin Reserve Framework

A key element of the clarification relates to the Strategic Bitcoin Reserve (SBR). Witt explained that the confiscated Bitcoin is being managed in accordance with Executive Order 14233, signed by President Donald Trump. This directive instructs federal agencies to retain seized Bitcoin as part of a strategic reserve rather than selling it.

Under this framework, Bitcoin obtained through legal forfeiture is recorded on the US government’s balance sheet and preserved as a long-term strategic asset. Witt reiterated that DOJ confirmation leaves no ambiguity: the Bitcoin linked to the Samourai Wallet case will continue to be held within the SBR structure.

How the Rumors Emerged

The controversy originated on January 5, when several crypto-focused media outlets reported that approximately 57.55 BTC seized from Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill had allegedly been sold via the US Marshals Service (USMS). These reports also suggested that such a sale could potentially violate Executive Order 14233.

The absence of immediate official clarification allowed the claims to circulate widely, fueling uncertainty across crypto markets. However, the latest statements have now firmly dispelled those narratives.

Clarity Restored for the Market

With the official denial now on record, it is clear that the US government has not engaged in Bitcoin sales related to this case. Instead, federal agencies are treating seized BTC as a strategic reserve asset with long-term considerations.

This development highlights a broader shift in how governments may approach digital assets—not merely as confiscated property to be liquidated, but as strategic holdings within national financial frameworks. For market participants, the clarification removes a key source of uncertainty and reinforces the importance of verified information in crypto-related policy discussions.

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The Rules Committee voted 8-4 along party lines to advance a rule governing debate on the bill. This procedural step allows the measure to reach the House floor on Wednesday. The Senate approved the bill on Monday with a 60-40 vote.

Bill Details and Amendment Requests

The committee rejected several amendments proposed by Democrats. These included extensions of expired health insurance subsidies and a provision allowing senators to sue law enforcement if they seize data. Members were warned that any changes could send the bill back to the Senate, further delaying the reopening.

House Speaker Mike Johnson called on lawmakers to return to Washington, D.C., ahead of the vote, noting that ongoing FAA restrictions could disrupt travel at major airports. With both chambers closed on Tuesday for Veterans Day, Wednesday is the earliest possible voting day.

Market Impact of the Government Reopening

This development follows several failed attempts to reach a funding agreement. The bill’s passage reflects bipartisan cooperation in the Senate. Experts say ending the shutdown could positively impact markets. For example, Sistine Research analysts called XRP the “fastest horse” to benefit from this rally.

Historically, ending U.S. government shutdowns has triggered gains in Bitcoin and other crypto assets. In 2019, Bitcoin rose 266% five months after a shutdown ended. Currently, Bitcoin trades around $103,000, down roughly 14% since the early October shutdown began.

Additionally, the U.S. Senate released a draft of the Crypto Asset Market Clarity Act, proposing to grant the CFTC more authority over digital assets. The government reopening and renewed liquidity could create favorable conditions for crypto markets.

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Bitcoin early investor Tuur Demeester suggested the government could take a similar step with Bitcoin companies. Adamant Research recently explored this issue in a report. The study claims that despite Bitcoin’s adoption in the US, the historical custody risk remains significant. 

According to the report, holding large Bitcoin reserves in highly regulated institutions increases exposure to seizure or re-pledging risks. Historical patterns show that measures once considered extreme can gain quick acceptance under regulatory pressure. Investors are advised to pay careful attention when dealing with corporate custody solutions. 

Key Considerations for Investors in Bitcoin Firms 

The report highlights that investors should focus not only on early movers but also on honesty and persistence. Strategic advantages in this field can vanish rapidly. Moreover, prioritizing companies that manage actual assets, not just digital tokens, enhances security. 

Investors are also encouraged to consider firms operating in multiple regions, reducing single-jurisdiction regulatory risks. This approach ensures exposure to regulatory pressure remains diversified. 

According to Adamant Research, the race for crypto treasuries could eventually form an unsustainable bubble. Investors must evaluate risk layers carefully. Ultimately, informed decisions safeguard capital and create a safer investment environment. 

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Trump Says Bitcoin Is Good for the Economy

Speaking at a White House press conference, Trump emphasized that the growing Bitcoin industry brings undeniable economic benefits. “It’s become amazing,” he said. “It’s the jobs that it produces, and I notice more and more you pay in Bitcoin. People are saying it takes a lot of pressure off the dollar, and it is a great thing for our country.”

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Analysts suggest that Trump may have been alluding to the Triffin Dilemma — the conflict between the short-term domestic goals and the long-term global role of the dollar as the world’s reserve currency.

National Debt, Inflation, and the Bitcoin Hedge

Trump previously floated the idea of paying off the national debt using Bitcoin, highlighting its capped supply in contrast to the inflationary dollar. However, critics argue that even owning all the Bitcoin in circulation would not be enough to offset the U.S.’s $37 trillion debt.

The Federal Reserve’s M2 money supply continues to rise, increasing inflation risk and eroding the dollar’s purchasing power. Meanwhile, the U.S. Dollar Index (DXY) has fallen to a three-year low, reflecting diminishing investor confidence in the dollar’s stability.

“Nothing Stops This Train”

Macroeconomist and Bitcoin advocate Lyn Alden has coined the phrase “nothing stops this train,” referring to the inevitable continuation of money printing by global governments — a process that only strengthens the case for decentralized, limited-supply digital assets like Bitcoin.

Trump’s comments may signal a shift in how the U.S. government views cryptocurrencies — not as a threat, but as a strategic economic asset.

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Bitcoin Transfer Details and New Wallets

On-chain tracking platform Arkham reported that on March 27, the US government moved 93.96 BTC (~$8M) to a new wallet, along with 884.33 ETH (~$1.77M).

Arkham announcement:

“The US government has transferred $8.46M in BTC from the Sae-Heng confiscated funds wallet.”

Despite this transfer, the US government still holds over $17 billion in crypto assets, with 198,000 BTC making up the majority of its reserves.

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Confiscated BTC and the ‘Pig Butchering’ Scam

The Sae-Heng wallet holds funds seized from a ‘pig butchering’ scam targeting US citizens. The assets were confiscated from Wanpadet Sae-Heng’s Binance account and initially transferred to a government-controlled storage wallet.

Total confiscated assets include:

• 97.33 BTC
• 2.56M DOGE
• 884.33 ETH
• 85M ADA

While some confiscated funds might be returned to scam victims, larger forfeitures could be allocated to the government’s crypto reserves.

US Bitcoin Strategy and Reserve Plans

On March 7, President Donald Trump signed an Executive Order to create a crypto reserve, using Bitcoin (BTC) already held by the US government. The Strategic Bitcoin Reserve Act is still under review in Congress, but if approved, the reserve’s primary source of BTC would come from confiscations.

The US now holds more Bitcoin than China’s 190K BTC, making it the largest state BTC holder. While previous plans considered liquidation, the government has now shifted to holding BTC as a strategic asset.

Some funds may be returned to victims of scams, while Silk Road BTC and similar holdings may remain part of the national crypto reserve.

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Sacks Rejects 0.01% Transaction Tax on Crypto!

In a recent episode of the All-In Podcast, host Jason Calacanis suggested a 0.01% tax on every crypto transaction. The tax would apply whether a user is buying, selling, or transferring cryptocurrency. Sacks responded:

“That’s always how taxes start. They are described as being very modest. You know, when the income tax started, it only applied to like a thousand Americans, and the legislators swore up and down that it would never be applied to middle-class people.”

He continued:

“I don’t particularly like the idea of new taxes, even if it is promised that they won’t affect people very much. That sounds burdensome to me.”

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Many crypto investors criticized the idea, warning it would create unnecessary costs even for transfers between wallets owned by the same person.

The recent White House Crypto Summit did not present any official tax policies. However, the Trump administration has signaled support for major tax reform in the United States.

Trump Proposes Eliminating Income Tax and IRS!

President Donald Trump has proposed eliminating the federal income tax and replacing it with tariffs on imported goods. Commerce Secretary Howard Lutnick added that the IRS would be replaced by an “External Revenue Service.”

According to Dancing Numbers, the plan could save each American taxpayer at least $134,809, and possibly up to $325,561 if state income taxes are repealed as well.

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On March 6, President Donald Trump signed an executive order officially establishing the US Strategic Bitcoin Reserve (SBR). According to this order, any Bitcoin obtained through criminal or civil asset forfeiture proceedings will be added to the reserve.

However, federal agencies must conduct a detailed audit to determine the exact amount of Bitcoin currently held by the US government.

November 2020: Silk Road Seizure (69,370 BTC)

On November 3, 2020, US authorities seized 69,370 BTC, marking the largest crypto seizure at the time, valued at $960 million.

The Bitcoin was confiscated from an unidentified hacker known as “Individual X”, who had stolen funds from the illicit online marketplace Silk Road. US officials traced these stolen Bitcoin through wallet addresses linked to Silk Road founder Ross Ulbricht before the platform was shut down in 2013.

In December 2024, a court rejected a motion to block the forfeiture of these Bitcoin, allowing the US Department of Justice to sell them. By that time, the value of 69,370 BTC had risen to $6.5 billion.

January 2022: Bitfinex Hack (94,636 BTC)

On January 31, 2022, US authorities seized 94,636 BTC from Bitfinex hacker Ilya Lichtenstein, after accessing his cloud storage account, which contained a file with 2,000 crypto wallet addresses and corresponding private keys.

The seized Bitcoin accounted for approximately 80% of the 119,754 BTC that Lichtenstein had stolen from Bitfinex.

Lichtenstein and his wife Heather Morgan managed to launder 25,111 BTC before authorities could intervene.

In late 2024, Lichtenstein was sentenced to five years in prison, while Morgan received an 18-month sentence. However, experts have noted that the stolen Bitfinex funds were only seized, not forfeited. As a result, these funds could potentially be returned to Bitfinex.

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March 2022: Second Silk Road Seizure (51,351 BTC)

In March 2022, US authorities seized 51,351 BTC from James “Jimmy” Zhong, another hacker linked to Silk Road.

Four months later, US officials discovered the Bitcoin hidden in an underground floor safe and a popcorn tin stored in Zhong’s bathroom closet. At the time, the 51,351 BTC was valued at approximately $3.38 billion, making it one of the largest financial asset seizures in US history.

The US Has Started Selling Seized Bitcoin

On March 14, 2023, the US government sold 9,861 BTC for $215.7 million, all of which came from the Zhong forfeiture case.

Although additional sales of seized Bitcoin were expected to take place in four separate batches throughout 2023, these sales never materialized.

In January 2025, the Department of Justice received approval to sell 198,109 BTC seized from Silk Road. However, the Biden administration did not act on this before Trump‘s inauguration on January 20.

The US Plans to Expand Its Bitcoin Reserve

While the Strategic Bitcoin Reserve will initially be funded only with forfeited BTC, the White House announced that the Commerce and Treasury Secretaries will explore ways to acquire more Bitcoin without incurring costs for US taxpayers.

Moving forward, Bitcoin held in the reserve will no longer be sold. White House AI and Crypto Czar David Sacks criticized the previous US administration for liquidating seized Bitcoin, arguing that the new approach signals a long-term commitment to Bitcoin ownership.

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After a recent accumulation phase, we saw a significant upward move with high volume. Currently, although XRP has reached its all-time high on the Binance futures chart, the true price is even higher. This is due to the previous delisting and subsequent relisting, and we cannot see the fiat regions above on the charts. Since the higher levels are not available, we are looking at the correction areas based on Fibonacci. If XRP fails to break the $3.15 level, a correction to the Fibonacci 0.382 level at $2.74 could occur. This would also mean a retest of the previously broken accumulation zone.

XRP Surpasses Bitcoin on Google Trends

In the past few weeks, XRP’s price and holders have shown resilience. Despite significant declines in major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), XRP has remained strong in the market. According to Google Trends data, on January 15, XRP searches worldwide surpassed Bitcoin. XRP has overtaken Bitcoin in search volume twice in the past year, the last time being in November 2024.

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The community has speculated that if XRP continues at the same pace, it could surpass Ether with 2.5x more returns. Sovrun co-founder Jeth stated that there is “no reason” to hold Ether over XRP anymore. With strong regulatory support and the pro-crypto US government set to take office on January 20, XRP is gaining positive momentum.

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Binance CEO Richard Teng said that with a crypto-friendly president taking office, it is still early to discuss re-entering the US market. Speaking to Bloomberg TV on December 9, Teng stated, “I think discussing re-entering the US market is premature.”

“For now, we are focusing on our global expansion,” Teng said, suggesting that the exchange aims to capture market share and target institutions, sovereign wealth funds, and high-net-worth individuals who are “going to start allocating to this space.”

Binance exited the US in November 2023 following a $4.3 billion settlement with the US government over allegations of sanction violations, money laundering, and operating as an unlicensed money transmitter.

The Justice Department oversaw the process with an independent compliance monitor for three years, and the Treasury’s Financial Crimes Enforcement Network (FinCEN) appointed a monitor for five years.

When asked if Binance planned to persuade President-elect Donald Trump’s administration, which includes crypto-friendly appointees, to shorten the lengthy monitoring period, Teng said that any discussion on the topic “is moot.”

Richard Teng’s Statements to Bloomberg Television:

Binance CEO Teng’s Approaches to Compliance and Regulations

Teng: “I believe compliance is the way to go,” he said. “Given that regulations are going to be much clearer throughout the world, we have the ability to invest heavily in compliance. I want to make complete compliance a competitive advantage.”

Teng previously led Binance’s regional markets and took over as CEO in November 2023 from Changpeng Zhao, who stepped down after admitting to violating US money laundering laws.

Since taking the helm, Teng has worked to ensure that Binance operates with high compliance across various jurisdictions.

Binance.US, the exchange’s US arm, operates as a crypto-only exchange and cannot transact in US dollars. The Securities and Exchange Commission had accused Binance and Zhao of various charges, including selling unregistered securities.

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