[DennisP]

I'm not talking about hiding money. Plenty of people have had large amounts of perfectly legal and reported cash confiscated from their vehicles. They're often able to get it back eventually but only by suing. With a hardware wallet the cop can take it, but it won't make any difference.

All of which is beside the point of the actual article, which is about Russia using crypto to get past sanctions.

[acdha]

I agree that forfeiture is a huge problem but I’m missing what Bitcoin adds to this versus, say, just not keeping large quantities of cash. I don’t hear about cops running charges on people’s cards, for example.

[Frogolocalypse]

I'm actually confident that America will eventually get it right. I expect that America, when backed into it, will legislate your rights to protect the fruits of your labour. And then they'll have the moral authority again. They're just going to have to work harder in diplomacy. Which they are quite capable of doing at times. Underrated? Treaty with Iran. Iran ain't really in the news of late? That is better.

But to your question, keeping $1 million in cash, all legitimately acquired, in your house, which could be seized under the flimiest of pretenses, is madness. Bank? Gold? No thanks.

It's going to happen eventually. You might as well figure out how to get used to it. In spite of how the US sometimes is, they have inevitably come down on the right side of history.