They know that they are too late and the only way to save themselves is to seize your #bitcoin ! Self-custody and distribute your keys!

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Self custody? But it's so much easier and convenient to just get Bitcoin through an ETF.

The US Gov would never do 6102 ver 2, and I'm sure Coinbase would stand up to such an order. 🤔

But, are they too late? I’m surprised at the level of demoralization this week.

Yes! They are just catching up! Over 19 million bitcoin already been mined. Few mm are lost. And what US has is just balances of the US based exchanges and funds(assuming that they would confiscate them). The majority of coins have been distributed! Yes, not properly but still