Massive crypto confiscation reportedly possible if Biden re-elected

“A second term for US President Joe Biden will lead to massive property confiscation and crypto seizures,” Ryan Selkis, CEO of crypto data analytics firm Messari, wrote on his X (formerly Twitter) account. “They're going after people's property and spying on them at every turn. They're targeting the public's property and spying on them at every turn.” Earlier, David Bailey, CEO of popular crypto media outlet Bitcoin Magazine, tweeted, “I just got a call that another major Bitcoin company is pulling out of the US. The U.S. Department of Justice (DOJ) is subpoenaing crypto companies. We are going to wage an all-out war to defend SelfCustody.”