Before, the seized digital assets were quickly settled to inject dollars from the state.
Now they create laws to justify accumulation and not be accused of speculators.
The dry and predictable buzz of the United States legislative machinery sounds to bureaucracy that has been approving bills to create reservations or funds with bitcoin and confiscated cryptocurrencies. Voting that come and go, until the presidential or governors are reached.
This process, which is shown as a simple regulation process in states such as Texas and Arizona, hides a paradigm shift. This is because Governments no longer see how the seizure of Bitcoin as evidence to liquidatebut as a strategic treasure to accumulate. Therefore, the race is not to regulate, it is to treasure.
In Washington, the capital of the United States, as well as in the states of Arizona, Texas and California, Bitcoin related laws are being created that we cannot see as isolated facts, but as the spearhead of an unmistakable trend. There, the narrative focuses on the “efficient management” of assets confiscated to criminals, the pretext that perhaps could happen as the most publicly acceptable. But The strategy expands rapidly beyond criminal confiscation.
In the specific case of California, for example, the Mira has been put in a new goal: the “inactive” bitcoin in the exchanges. After three years of inactivity, the State may appropriate them as an unwanted property. The pretext changes – from the crime to abandonment – but the result is the same, since it is nothing more than The state absorbing bitcoin without buying it.
This legal hunt for Bitcoin transcends US borders. In Spain, the Government advances with a law to thoroughly monitor the digital assets that its citizens have abroad. The declared objective is fiscal control, but the door that opens is that of confiscation to settle tax debts.
Either by criminal confiscation (Texas), for inactivity (California) or for fiscal debts (Spain), the employer is the same. Legislators from various parts of the world are manufacturing, in a hurry, an arsenal of legal justifications to obtain Bitcoin.
The state no longer wants dollars, Bitcoin wants
Each new law is a tool designed with the sole purpose of ensuring that, When the State needs to treasure Bitcoin, have a perfectly legal reason to take it Instead of buying it. This is nothing more than a demonstration of a harsh reality: the State is recognizing the value of Bitcoin and is rushing to build the legal vaults to be able to keep it.
This phenomenon is not new, but the strategy is. The State has been confiscing Bitcoin for years without the need for these laws. The FBI, or the United States Sheriff Service have been confiscating BTC and other digital assets against crime for more than a decade. The fundamental difference with what happens now is that Those funds to the best bidder as quickly allowed as the bureaucracy allowed To turn it into dollars.
That old procedure tried to create Satoshi Nakamoto as a problematic good that should be liquidated to swell the state coffers. The new laws, however, reveal a change of tectonic mentality. The State no longer wants dollars; He wants Bitcoin.
The law as permission to Hodlear Bitcoin
The engine of this change is simple and powerful, since Bitcoin has proven to be a financial asset too attractive to ignore it. His long -term performance and nature as “digital gold” have made him an object of desire, even for his historical adversaries.
Legislators, seeing how individuals and corporations knead fortunes, have turned on the alarms. They have realized that, in each auction, they were selling a potential treasure of the 21st century by a handful of the currency that they devalue themselves.
This is where everything connects, because it is clear that legislators are hurrying in Give a legal framework, not so much to protect the citizen, but to legitimize state accumulation. They need clear rules that allow the treasurer of the Hodlear State, or maintain the Bitcoin in the long term that they have seized, without being accused of poor management or speculating with public funds.
The Bitcoin state accumulator manual
These laws are, in essence, an official permit for the State to join the career for scarcity. With the laws that are creating they have a plan designed as follows:
- Sure: use the power of the law to appropriate Bitcoin involved in criminal cases.
- Incolor: instead of selling, transfer the asset to a state strategic reserve.
- Legitimar: give a varnish of legality and prudence to what is, in practice, an accumulation of digital wealth by the government apparatus.
The approval of these regulations in the United States, in states such as Arizona and Texas, feel a dangerous and revealing precedent. Every time a new law related to Bitcoin is approved, the key question should not be how to protect the inhabitants of those regions, but rather how is the government preparing to confiscate and treasure this asset, according to their own interests? The answer is being written now, not in the markets, but in the legal codes that transform the confiscation into a strategic accumulation policy.
Discharge of responsibility: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of cryptootics. The author’s opinion is informatively and under no circumstances constitutes an investment recommendation or financial advice.
