The IRS failed to meet established guidelines for seizing and handling cryptocurrencies from December 2023 to January 2025. A report revealed that key protocols were not followed during these periods, leading to a recommendation for better training and improved inventory management of seized digital assets.
The US government currently holds about 200,000 BTC, valued at over 21 billion USD. This significant amount emphasizes the importance of effective asset management as the government increases its involvement in digital assets, particularly following the previous administration’s initiatives to build national crypto reserves.
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