The Attorney General Wants to Seize Cryptocurrency Without Criminal Charges

Biden administration calls for dramatic expansion in federal government's ability to seize and keep cryptocurrency. Since fiscal 2014, the FBI Secret Service and Homeland Security investigations have collectively seized almost $680 million worth of Bitcoin and shitcoins valued at the time of seizure. The Attorney General wants to lift that $500,000 cap for cryptocurrency and other digital assets,. But the Secretary of Treasury could simply end the cap by adopting new regulation.

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