There's a major difference between confiscating something that they first have to get their hands on (physically or digitally) and confiscating something like your bank account which doesn't require more than a phone call.
See for example the Canadian government freezing bank accounts[0] of anyone trying to contribute to the vaccine mandate protests.
The IRS seized $3 billion worth about a year ago. https://www.irs.gov/compliance/criminal-investigation/histor...