In 2023, the U.S. Secret Service, led by Kali Smith, intensified its efforts against crypto crime globally. The agency, working with major industry players, has seized assets worth $400 million.
Secret Service Involvement
Under the leadership of Kali Smith, the U.S. Secret Service has focused on combating crypto crime. This initiative includes training personnel in blockchain forensics for effective handling of digital assets.
Collaboration with Coinbase and Tether
Companies like **Coinbase** and **Tether** assist the Secret Service by enabling asset tracking and freezing capabilities. These partnerships enhance the agency's operational abilities, particularly regarding crimes involving **BTC**, **ETH**, and **USDT**.
Financial Landscape and Future of Crypto Legislation
The financial landscape shows a stabilization of compliance measures without major disruptions in the crypto market. The $225.3 million forfeiture case illustrates the potential scale of financial ramifications driven by effective law enforcement actions.
Enhanced cooperation among international jurisdictions fosters a robust response to crypto crime challenges. This marks a significant shift toward stricter oversight of digital assets and blockchain platforms.
