The US government plans to build a Bitcoin reserve, but this raises concerns about civil asset forfeiture—seizing assets without a crime being proven. The FAIR Act aims to protect Bitcoin owners from this. It's a really important bill to protect people's Bitcoin.
- The FAIR Act increases the burden of proof on the government before seizing Bitcoin.
- It requires a stronger link between the Bitcoin and a crime.
- It ensures legal representation for those who can't afford it.
Issue | Details |
---|---|
Civil Asset Forfeiture | Government seizing assets without charge. |
FAIR Act | Aims to protect Bitcoin owners from unfair seizure. |
Impact | Could prevent the government from unjustly taking Bitcoin. |