The U.S. Is Mishandling Seized Crypto — And It Could Crash the Market | Les Borsai on TN

Why is the U.S. still handling seized Bitcoin like it’s a pawn shop item?

In this episode of Token Narratives, co-founder of @wavedigital_ Les Borsai (@lesborsai) joins @_dsencil and @graminitha1 for a wide-ranging conversation on:

• How poor coordination across federal agencies puts billions in seized crypto at risk

• Why Bitcoin is outpacing gold despite its youth

• The missed opportunity of idle government-held crypto assets

• Self-custody vs manipulation — and why the stablecoin narrative is just getting started

• The parallels between music rights and blockchain innovation

This one covers everything from T-bills to tokenized debt markets — and why we’re still early.

Timestamps:

00:00 The Evolution of Crypto Tracking

01:56 Market Trends and Bitcoin's Future

05:55 The Role of Technology in Crypto Adoption

10:04 Gold vs. Bitcoin: A Comparative Analysis

13:49 The Impact of Central Banks on Gold and Bitcoin

17:47 Regulatory Challenges and Market Manipulation

21:50 Confiscated Assets and Government Involvement

39:07 Understanding Liability in Digital Asset Custody

40:36 Challenges in Government Asset Management

41:41 The Complexity of Cryptocurrency Seizures

43:07 The Need for Qualified Custodians

44:14 Tracking Government Seized Assets

45:34 The Value of Government Bitcoin Holdings

46:52 Missed Opportunities with Seized Assets

47:44 Risks of Liquidation and Tracking Issues

49:27 Training Law Enforcement on Crypto Security

50:55 The Role of Crypto in Government Revenue

52:08 Global Perspectives on Asset Confiscation

54:50 The Future of Government Crypto Management

56:31 The Intersection of Music and Technology

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