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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