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Benzinga
Benzinga
Business
Murtuza Merchant

Coinbase CEO Brian Armstrong: 'The US Government Should Never Sell Bitcoin'

Coinbase (NASDAQ:COIN) CEO Brian Armstrong on Tuesday voiced strong opposition to the U.S. government selling its Bitcoin (CRYPTO: BTC) holdings, joining a chorus of criticism sparked by government movements of large quantities of the cryptocurrency.

The debate intensified after 19,800 bitcoin, valued at $1.9 billion, was transferred to a Coinbase Prime deposit address on Dec. 2.

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