#BTC110KToday? Previously, seized digital assets were quickly liquidated to inject state dollars.
Now they create laws to justify accumulation and not be accused of speculation.
It sounds like bureaucracy, the dry and predictable hum of the legislative machinery of the United States that has been approving bills to create reserves or funds with seized bitcoin and cryptocurrencies. Votes come and go until presidential or gubernatorial signatures are reached.
This process, which appears to be a simple regulatory process in states like Texas and Arizona, hides a paradigm shift. This is because governments no longer see the seizure of bitcoin as an achievement to be liquidated as evidence, but rather as a strategic treasure to accumulate. Therefore, the race is not to regulate, but to accumulate.
In Washington, the capital of the United States, as well as in the states of Arizona, Texas, and California, laws related to bitcoin are being created that we cannot view as isolated facts, but rather as the spearhead of an unmistakable trend. There, the narrative focuses on the 'efficient management' of assets seized from criminals, a pretext that might be seen as the most publicly acceptable. But the strategy quickly expands beyond criminal seizure.
