Arizona Legislator Suggests Hiring Private Agents for Crypto Forfeiture Management

New Bill for Crypto Seizures: A proposed bill, the Scam Farms Marque and Reprisal Authorization Act of 2025, aims to empower the US President to authorize private personnel to enforce crypto seizures against cybercriminals.

Threats Addressed in the Bill: The legislation targets various cyber threats including crypto theft, ransomware attacks, identity theft, and online scams, categorizing these acts as "acts of war" against the United States.

Crypto Losses Highlighted: In July alone, over $142 million was lost to hackers across the crypto market, with significant losses reported by exchanges like CoinDCX and GMX.

Seized Assets for Crypto Reserve: The US government plans to establish a Bitcoin and crypto reserve from seized assets, with recent seizures including millions in digital assets linked to ransomware activities.