Category: Cryptocurrency

Florida Seizing Cryptocurrency for Forfeiture – What Can Go Wrong?

What happens if local law enforcement agencies in Florida seize cryptocurrency from foreign nationals and overseas companies, despite the absence of legal authority to do so? Leslie Sammis, an attorney with Sammis Law Firm, recently resolved one such case. As a result of her efforts, the Volusia County Sheriff’s Office was forced to return everything […]

Written by Leslie Sammis on July 29, 2025

Big Problems for Florida’s Cyber Fraud Unit Seizing Cryptocurrency for Forfeiture

What if Florida’s Attorney General wanted to create its own cryptocurrency “strategic reserve”? It could train law enforcement officers across the state to look for scams involving cryptocurrency. Those scams include overseas fraudsters calling Florida residents to convince them to put cash into a virtual currency kiosk through fraud. Many of those scams target the […]

Written by Leslie Sammis on July 20, 2025

Crypto

Florida Law Enforcement Officers Are Seizing Cryptocurrency for Forfeiture

Law enforcement agencies in Florida are devoting more resources to seizing cryptocurrency accounts, particularly those belonging to foreign nationals. If they also secure an arrest warrant, they can use the fugitive disentitlement doctrine to gain an unfair advantage and take the cryptocurrency by default. Even innocent owners who are U.S. Citizens face tough obstacles when […]

Written by Leslie Sammis on April 21, 2025

Crypto

Digital Asset Stockpile

Trump’s “Digital Asset Stockpile” On January 23, 2025, President Donald J. Trump signed an executive order entitled “STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY” referencing a digital asset stockpile. Section 4(c)(ii) provides: The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a […]

Written by Leslie Sammis on January 25, 2025