Trump’s Plan for US Bitcoin Stockpile Alarms Forfeiture Experts
- ‘It doesn’t make a lot of sense,’ one former prosecutor says
- Seized assets usually sold to help victims, law enforcement
Donald Trump at the Bitcoin 2024 conference in Nashville on July 27.
Photographer: Brett Carlsen/BloombergThis article is for subscribers only.
Donald Trump’s campaign promise to create a national Bitcoin stockpile with cryptocurrency held by the US government alarmed former prosecutors, who said it would divert seized digital assets that otherwise would be used to compensate victims of crime.
If he’s elected president, the US would keep all Bitcoin the government holds or will acquire, transforming “that vast wealth into a permanent national asset to benefit all Americans,” Trump said at the Bitcoin 2024 conference on July 27.