US Secret Service holds crypto, praises blockchain tech in Reddit AMA

The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology’s ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA).

On May 15, representatives from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT)

When asked if they see any significant differences between crypto crimes and illicit activity in the world of traditional finance, the Secret Service noted that the “vast majority” of calls and reports received by their office usually involves crypto in some fashion.

“They vary in a lot of ways to fiat investigations, both in good ways and bad ways, but most notable is that crypto transactions are irreversible and immutable.”

While the agencies responded to a wide range of serious questions, there was also some fun to be had during the session. When one redditor asked whether the Secret Service would consider launching its own “memecoin”, the agency responded by plugging its own NFT collection on OpenSea.

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