Civil asset forfeiture is simply a euphemism for theft. Unlike most other forms of government theft, civil asset forfeiture doesn’t even have the thin veil of criminal or civil charges either being proven in court or confessed to by the accused to justify it. Instead civil asset forfeiture relies on the concept of guilty until proven innocent. If a man with a badge believes that your assets are in any way tied to a drug crime they can legally steal them and the only way you can get them back back is by proving they aren’t, which is an impossible task.
While there has been a lot of pushback in recent years to civil asset forfeiture by a handful of individual states, the United States Senate is working hard to expand it:
A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and imposes other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.
The best thing about a law like this is that most people won’t know about it and therefore will fail to comply with it out of sheer ignorance. Since ignorance of the laws isn’t an excuse a law like this creates a huge number of new criminals for the State to prey on.
There are a lot of banking laws that people violate every day because they are simply unaware of them and the government loves to go after them. The Internal Revenue Service was going after people who turned their legitimate deposits over $10,000 into multiple smaller deposits to avoid filling out reporting paperwork. Legally this is known as structuring and the law that prohibits it was passed under the guise of catching tax evaders but most people are entirely ignorant of it so they violate it accidentally. Senate Bill 1241 aims to create a similar law that will likely be violated by innocent people who are simply unaware of the law, which will give the State an excuse to seize their assets. Best of all, if it happens under civil asset forfeiture, the government doesn’t even have to prove guilt.