US Secret Service says crypto “not inherently criminal,” launches ‘awareness hub’

United States Secret Service, a federal law enforcement agency, announced on February 18 that it has formed a ‘cryptocurrency public awareness hub’ to offer a better understanding of the sector.

In addition to combating the illicit use of cryptocurrencies, the platform will act as an online education portal that provides information on the security of digital assets and cryptocurrencies. The announcement also includes a public service announcement video that revealed the agency’s plans to conduct investigation activities related to the nascent industry.

“Our obligation to enforce crimes against the nation’s financial systems includes both informing the public on how digital assets work and partnering with them to identify, arrest, and prosecute those engaging in crimes involving digital assets,” Jeremy Sheridan, Assistant Director of the Secret Service Investigation Bureau, explained.

While the announcement largely focused on public awareness and digital security, it maintained an overall positive attitude towards crypto assets. It noted:

“Investments and transactions using cryptocurrencies and digital assets are not inherently criminal, however do provide new opportunities for those seeking to commit fraud or otherwise conceal further illegal activities.”

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