No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, December 21, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

US rep introduces bill to authorize state-sanctioned piracy against cybercriminals

by TheAdviserMagazine
4 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
US rep introduces bill to authorize state-sanctioned piracy against cybercriminals
Share on FacebookShare on TwitterShare on LInkedIn


Arizona lawmaker David Schweikert introduced “The Scam Farms Marque and Reprisal Authorization Act of 2025” in August, which proposes neo-privateers — state-sanctioned pirates — to combat cybercriminals engaged in threats against the United States.

The bill authorizes the US president to issue letters of marque to “privately armed and equipped persons” contracted by the government to “employ all means reasonably necessary” to seize property and detain or “punish” cybercriminals deemed a threat by the president.

These threats include crypto theft, pig butchering scams, ransomware attacks, identity theft, accessing computers without authorization to gather sensitive personal or classified information, online password trafficking, and compromising computers with malicious code. The bill read:

“Criminal enterprises that employ cybercrimes and coerced labor present an unusual and extraordinary threat to the economic and national security of the United States.”

The bill characterized the scams as “acts of war” perpetrated by individuals, organized criminals, and foreign governments against the US and is a revival of an 18th-century law that could have implications for the future of cybersecurity and asset seizure if passed.

The Scam Farms Marque and Reprisal Authorization Act of 2025. Source: US Congress

Related: Crypto crime unit with $250M in seizures expands with Binance

US could funnel seized assets into Bitcoin reserve and national crypto stockpile

Over $142 million in crypto was lost to hackers in July, and the total amount of crypto stolen so far in 2025 exceeds $3 billion. Stolen crypto seized by US law enforcement officials in investigations could later be forfeited to the government in court proceedings.

US President Donald Trump signed an executive order in January establishing a Bitcoin and crypto reserve, which could only accumulate crypto through budget-neutral strategies or asset forfeiture.

In July, the US federal government filed a civil complaint to claim over 20 Bitcoin (BTC), valued at over $2.3 million, seized by the Dallas, Texas, division of the Federal Bureau of Investigation (FBI) during an operation against the Chaos ransomware hacker group.

The US Department of Justice (DOJ) also seized $1 million in crypto from the BlackSuit ransomware group during the same month.

In August, the DOJ authorized the seizure of $2.8 million in crypto from a wallet controlled by Ianis Aleksandrovich Antropenko, who was charged with targeting individuals and businesses with ransomware attacks.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users



Source link

Tags: authorizebillcybercriminalsintroducespiracyrepstatesanctioned
ShareTweetShare
Previous Post

Tariffs Are Coming for Your Coffee (and Matcha)

Next Post

Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports

Related Posts

edit post
Klarna Partners With Coinbase to Raise USDC Funding From Institutions

Klarna Partners With Coinbase to Raise USDC Funding From Institutions

by TheAdviserMagazine
December 21, 2025
0

Klarna, a Swedish fintech company known for its “Buy Now, Pay Later” (BNPL) service, has partnered with crypto exchange Coinbase...

edit post
Ethereum Foundation prioritizes security, targets 128-bit rule by 2026

Ethereum Foundation prioritizes security, targets 128-bit rule by 2026

by TheAdviserMagazine
December 20, 2025
0

Key Takeaways The Ethereum Foundation is prioritizing security over speed, aiming for 128-bit provable security by the end of 2026....

edit post
Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions

Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions

by TheAdviserMagazine
December 20, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Blockchain Association led a broad industry...

edit post
Bitcoin struggles under liquidity pressure as market depth thins

Bitcoin struggles under liquidity pressure as market depth thins

by TheAdviserMagazine
December 20, 2025
0

Bitcoin’s inability to reclaim $90,000 is looking less like a debate about narratives and more like a test of market...

edit post
Pundit Breaks Down Ripple’s XRP Escrow: Why Is It Important?

Pundit Breaks Down Ripple’s XRP Escrow: Why Is It Important?

by TheAdviserMagazine
December 20, 2025
0

Discussions around XRP supply have resurfaced after a detailed post on X by an XRP investor known as Lord Belgrave,...

edit post
B Rep. Max Miller Unveil Crypto Tax Bill, Includes De Minimis Rules

B Rep. Max Miller Unveil Crypto Tax Bill, Includes De Minimis Rules

by TheAdviserMagazine
December 20, 2025
0

Rep. Max Miller is circulating a 14-page draft of a proposed crypto tax bill in the U.S. House of Representatives....

Next Post
edit post
Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports

Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports

edit post
George Mason University violated civil rights law, Education Department alleges

George Mason University violated civil rights law, Education Department alleges

  • Trending
  • Comments
  • Latest
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Living Trusts in NC Explained: What You Should Know

Living Trusts in NC Explained: What You Should Know

December 16, 2025
edit post
How to Make a Valid Will in North Carolina

How to Make a Valid Will in North Carolina

November 20, 2025
edit post
Year of Shifting Sands: Reflections on the 2024 Global IPO Market

Year of Shifting Sands: Reflections on the 2024 Global IPO Market

0
edit post
The Illusion of Democracy: The “Iron Law of Oligarchy”

The Illusion of Democracy: The “Iron Law of Oligarchy”

0
edit post
‘Bring it on’ — Top Justice Department official responds to impeachment threat over Epstein files

‘Bring it on’ — Top Justice Department official responds to impeachment threat over Epstein files

0
edit post
Struggling to Set 2026 Financial Goals? Get an AI Assist

Struggling to Set 2026 Financial Goals? Get an AI Assist

0
edit post
Klarna Partners With Coinbase to Raise USDC Funding From Institutions

Klarna Partners With Coinbase to Raise USDC Funding From Institutions

0
edit post
Prescription Discount Apps Are Removing Certain Senior Benefits

Prescription Discount Apps Are Removing Certain Senior Benefits

0
edit post
Prescription Discount Apps Are Removing Certain Senior Benefits

Prescription Discount Apps Are Removing Certain Senior Benefits

December 21, 2025
edit post
‘Bring it on’ — Top Justice Department official responds to impeachment threat over Epstein files

‘Bring it on’ — Top Justice Department official responds to impeachment threat over Epstein files

December 21, 2025
edit post
You know you’re still lower middle class when you think these 7 expenses are worth it

You know you’re still lower middle class when you think these 7 expenses are worth it

December 21, 2025
edit post
Cloudflare (NET) Partners with JD.com to Create an International Platform

Cloudflare (NET) Partners with JD.com to Create an International Platform

December 21, 2025
edit post
Trump is leaning on son-in-law Jared Kushner for difficult diplomacy

Trump is leaning on son-in-law Jared Kushner for difficult diplomacy

December 21, 2025
edit post
Mental health treatment co Syremis Therapeutics raises 5m

Mental health treatment co Syremis Therapeutics raises $165m

December 21, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Prescription Discount Apps Are Removing Certain Senior Benefits
  • ‘Bring it on’ — Top Justice Department official responds to impeachment threat over Epstein files
  • You know you’re still lower middle class when you think these 7 expenses are worth it
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.