The IRS has gone from seizing hundreds of thousands of dollars’ worth of cryptocurrency to setting successive records with seizures in the billions of dollars in just a couple of years, according to an IRS official.
In fiscal 2019 the IRS seized $700,000 worth of cryptocurrency, but that number jumped to more than $100 million the next year and has been in the billions for the past two years, Jarod J. Koopman of the IRS Criminal Investigation division said March 4.