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  Tom Mitchelhill
  May 16, 2023

Secret Service owns crypto, loves blockchain and has an NFT collection:
Reddit AMA

  In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret
  Service answered a wide range of questions and revealed their
  little-known NFT collection.
  8651 Total views
  64 Total shares
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  Secret Service owns crypto, loves blockchain and has an NFT collection:
  Reddit AMA
  News

Join us on social networks

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  [43]discord [44]lens [45]linkedin

  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) [46]opened themselves to questioning from members
  of the subreddit r/cryptocurrency.

  While some regulators still see crypto as a tool for [47]fraudsters and
  scammers, the REACT taskforce applauded the public and transparent
  nature of blockchains as an “amazing opportunity” for crime fighters to
  track the flow of money.
  The "ask me anything" Reddit thread from the Secret Service. Source:
  Reddit.

  The Secret Service has previously [48]made the point that the immutable
  nature of the blockchain ledger means that illicit financial activity
  can be more easily monitored and tracked than fiat in some cases.

  An upcoming [49]Netflix-featured Bitfinex story involving some unlikely
  criminals made this point very clear: it’s quite hard to [50]launder
  money using blockchain.

  Answering a follow-up question about how best to hide shady behavior on
  the blockchain, the Secret Service said that if people want to do dodgy
  things financially, it’s best to [51]take the money in cash than
  crypto.
  [5af57998-55ad-454e-8efc-42c0d02b2623.jpg] Secret Service provides
  evidence to Reddit to verify their identity ahead of the AMA. Source:
  Reddit

  Another Redditor asked whether or not the Secret Service itself held
  cryptocurrency, to which the authority said they were “definitely
  holders of crypto” and described themselves as crypto “enthusiasts” in
  later responses. The agency said that owning crypto helps them better
  understand the deeper mechanisms of the crypto world.

  “Pretty much most cases require a certain level of ELI5’ing. It’s
  somewhat of a running joke around here,” the agency explained, with the
  acronym “ELI5” referencing the popular subreddit r/explainlikeimfive.

  Related: [52]Crypto is not criminal: US Secret Service launches ‘crypto
  awareness hub’

  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 [53]NFT collection
  on OpenSea.
  The U.S. Secret Service San Francisco Field Office NFT Collection.
  Source: OpenSea

  Magazine: [54]Cryptocurrency trading addiction — What to look out for
  and how it is treated
    * [55]#Blockchain
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    * [61]#Secret Service
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  Related News
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    * How the IRS seized $10B worth of crypto using blockchain analytics
    * Do Kwon’s lawyers propose $436K bail as authorities prepare for
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