A U.S. government’s guardian recommends reforms on the Internal Revenue Service (IRS) Criminal Investigation Division of handling digital assets, citing repeated failures to follow the established protocols.
In a Tuesday report, the US Treasury Inspector General for the tax administration Says Its analysis of the IRS Criminal Investigation (IRS-CI) has revealed shortcomings around seizure and caution in digital properties.
According to government guardians, the IRS failed to follow all the guidelines between December 2023 and January 2025 for seizing memorandums around the confiscated crypto, detailing addresses, dates, and values.
“Recommendations agreed by the IRS-CI: ensuring that IRS-CI personnel are familiar and comply Guidelines to include requirements at the time of storing the abuse requirements in the updates records said the report said.
The seizure and handling of digital ownership of US government authorities has become more relevant because of the efforts of the Trump administration to promote national bitcoin (Btc) and crypto reserves.
Although White House officials first suggested the StockPhili Crypto especially from the seized in criminal cases, some are suggested alternatives by tariffs and reorganizing gold certificates.
Related: The US Supreme Court will not review the IRS case involving Coinbase’s user data
How many crypto does the US government hold?
Estimates of how many Bitcoin and other cryptocurrencies The US government is currently different based on information available from criminal cases. Until March, White House officials said to be approximately 200,000 BTC In its stockpile, it costs more than $ 21 billion at the time of publication.
https://www.youtube.com/watch?v=NPZQD7TSQMG
The most significant seizures include more than 94,000 BTC connected to the 2016 hack of the Crypto Exchange Bitfinex and over 50,000 BTC from the Silk Road market.
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