Allowing law enforcement to seize digital cryptocurrency accounts that are part of criminal investigations is the focus of one of the pieces of legislation South Dakota Attorney General Marty Jackley is asking lawmakers to pass during this year’s legislative session.
Jackley said cryptocurrency has become a haven for scammers, drug traffickers, and human traffickers, costing South Dakotans millions in losses and fueling online crime.
Jackley’s cryptocurrency bill, Senate Bill 43, was scheduled for a hearing in the Senate Judiciary Committee today (Jan. 15, 2026).
Jackley said based on the FBI’s 2024 Internet Crimes Complaint Center report, there was $13.8 million in cryptocurrency related losses reported in South Dakota in 2024. He said the losses were the result of crimes such as romance scams, extortion, government impersonation scams and investment scams. People over 60 years old accounted for $7.8 million in reported losses for 2024.
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