The U.S. Secret Service hosted an AMA session on Reddit, revealing that the agency not only owns and uses cryptocurrency itself, but also has its own NFT collection on OpenSea.
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 toSecret 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 by owning crypto, it 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.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
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