So let me guess. Coming on the heels of, “Elon Musk should check Fort Knox to see if the gold is really there”, the next step would be a 1:1 “trade” of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.
Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can’t buy to add to it. And that it can be sold primarily for finding law enforcement.
Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!
So let me guess. Coming on the heels of, “Elon Musk should check Fort Knox to see if the gold is really there”, the next step would be a 1:1 “trade” of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.
Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can’t buy to add to it. And that it can be sold primarily for finding law enforcement.
Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!
Digitized Civil Asset Forfeiture
FTFY