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interesting idea, would probably get more effective over time as Coinbase’s BTC under management are growing every day (and they have full KYC on all their customers)
This could be done very selectively, too. Imagine the feds identify an illegal bitcoin transaction, they could follow the transactions forward and see if any ended up with MicroStrategy. Then they issue orders for MicroStrategy to relinquish the bitcoin. On the other hand, if it had ended up with a politically favored corporation they could just drop the investigation.
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