Forfeiture cases

[MarkRoberts]

Federal seizures like this highlight the benefits of digital currencies like Ethereum, Bitcoin Cash, and Bitcoin, which are much more difficult to take than boxes of cash and jewels. According to statistics from 2000 to 2019, these legalized pirates took $46 billion from forfeiture cases, with the United States federal government keeping the lion’s share of the proceeds.

In truth, police enforcement in the United States earns billions of dollars every year in forfeiture cases, many of which go uninvestigated. The abuse has resulted in unprecedented levels of abuse, prompting human rights organizations to label the move as “policing for profit.” The large hoard of cash and jewelry seized by the government each year does not even begin to account for the vast amount of land seizures made by federal authorities in forfeiture cases.