Bitcoin Is Seizure Resistant

The Biden administration called for dramatic expansion of the federal government's ability to seize and keep cryptocurrency if enacted. The proposed changes will bolster both criminal forfeiture, which requires a conviction to permanently confiscate property as well as civil forfeiture, which doesn't require conviction or even criminal charges to be filed. Up until this point, there's been a limit of up to $500,000 before they need to go for judge approval.