Summary
- The US Marshals Service reported difficulties in tracking their Bitcoin holdings.
- This issue could impact the government's cryptocurrency reserve asset plans.
- They reported the government might stop liquidating seized cryptocurrencies and possibly purchase more.
On the 21st (local time), cryptocurrency media CoinDesk reported, citing sources, that the US Marshals Service (USMS), a Department of Justice agency responsible for managing assets seized during investigations including real estate, cash, jewelry, and antiques, is experiencing difficulties in tracking the amount of Bitcoin (BTC) in their possession.
The media outlet stated, "The agency has been experiencing procedural and organizational issues for years," and added that "the difficulty in tracking seized Bitcoin amounts could affect the government's proposed plan to use cryptocurrencies as reserve assets."
They continued, "This plan suggests that the government might stop liquidating seized cryptocurrencies and might even consider purchasing them," adding that "when discussing reserves, the inherent properties of the assets, such as forks, airdrops, and volatility, must be clearly understood."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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