The U.S. government has a big problem: it doesn't know how much cryptocurrency it owns! The agency in charge, the US Marshals Service (USMS), is struggling to keep track of the digital money seized from criminals. This is a huge deal because the government might even start buying cryptocurrency!
- The USMS uses spreadsheets to track its crypto, which is not safe or accurate.
- They've lost track of some cryptocurrency because of mistakes.
- Experts say the USMS needs better ways to manage its digital assets.
- Some people think the government should stop selling its seized cryptocurrency and create a national crypto stockpile.
Fact | Details |
---|---|
Bitcoin seized from Silk Road | Billions of dollars worth |
USMS's current tracking method | Excel spreadsheets |
Potential future government action | National cryptocurrency reserve |