Not So Covert: The Secret Service Owns Crypto And Promotes NFTs, And – Why Not?

2 years ago

The United States Secret Service, a national instrumentality enforcement bureau tasked with protecting – chiefly the president – the country’s apical officials and fiscal infrastructure, has precocious made headlines for its involvement successful cryptocurrency and blockchain technology. 

During a caller Reddit ask-me-anything (AMA), representatives for the bureau revealed that it not lone owns crypto but besides has its ain NFT collection. 

Moreover, the bureau has praised blockchain technology’s imaginable to combat fiscal crime, indicating a increasing consciousness and adoption of these technologies successful instrumentality enforcement.

Secret Service Praises Blockchain’s Transparency In Fighting Financial Crime

During the AMA session, the San Francisco Field Office of the United States Secret Service and the Bay Area Regional Enforcement Allied Computer Team (REACT) addressed assorted questions from the public. Although not each the queries were answered, the instrumentality enforcement agencies did respond to immoderate of them.

Despite the skepticism of galore regulators regarding cryptocurrency arsenic a instrumentality commonly exploited by scammers and fraudsters, the REACT task unit has recognized the singular imaginable of blockchain exertion for combatting fiscal crime, applauding its inherent transparency.

The AMA Reddit thread from the United States Secret Service. Source: Reddit.

This endorsement marks a important turning point, arsenic the task unit sees blockchain arsenic an bonzer accidental successful the ongoing combat against fraudulent activities. By leveraging the nationalist and transparent quality of blockchains, instrumentality enforcement tin much easy way the travel of wealth and place imaginable fiscal crimes.

They said:

“The quality of the blockchain helps america hint funds, but attributing wallets to individuals is simply a antithetic story… It’s lone anonymous until it’s not.”

But adjacent then, the US commander-in-chief’s bodyguards said that successful each lawsuit “we person applicable laws and we indispensable travel judicial process erstwhile moving to place atrocious actors.”

Secret Service Admits Owning Crypto And NFTs

The AMA league not lone covered assorted superior topics but besides included immoderate light-hearted moments. 

During the session, a Reddit idiosyncratic asked if the Secret Service had immoderate plans to make its ain meme coin. The bureau responded to the question by promoting its own NFT collection disposable connected the OpenSea platform. 

This speech shows that the agencies were unfastened to engaging with the nationalist connected a lighter enactment and consenting to showcase their involvement successful blockchain exertion by highlighting their NFT collection.

An inquisitive Redditor inquired astir whether the Secret Service possessed immoderate cryptocurrency. In response, the bureau candidly stated that they were so holders of crypto, adjacent going arsenic acold arsenic describing themselves arsenic “crypto enthusiasts” successful consequent replies. 

The Secret Service acknowledged that owning cryptocurrency provided them with a deeper knowing of the intricate workings of the crypto world, emphasizing the value of familiarity with these emerging technologies.

BTCUSD drops from the captious $27K level. Chart: TradingView.com

Another Reddit idiosyncratic sought to unravel the mystery surrounding Satoshi Nakamoto, the enigmatic creator of Bitcoin. They queried the agencies if they had immoderate further accusation oregon ongoing investigations focused connected unmasking the look down the pseudonym. 

In a lighthearted but cryptic response, the Secret Service promptly replied:

“We whitethorn cognize Satoshi, but it is classified!” 

We whitethorn ne'er cognize if the Secret Service genuinely has immoderate insider cognition connected the enigmatic Bitcoin creator, but it’s amusive to ideate that they do.

-Featured representation from SETH HERALD/AFP

View source