Senator Cynthia Lummis has demanded information from the US Marshals Service regarding the amount of Bitcoin the agency controls and its plans for managing it. Specifically, she inquired about the agency's Bitcoin holdings, its planned actions regarding the seized digital assets, and the evaluation of previous Bitcoin sales. The Marshals Service has yet to respond publicly, although a private briefing for Senator Lummis and her team has been reported. The agency currently holds a significant amount of Bitcoin seized from criminal investigations, including 69,000 Bitcoins from the Silk Road case. Senator Lummis has expressed concerns about the agency's plans to sell an additional 69,370 Bitcoins despite a proposed National Bitcoin Stockpile. She also highlighted that selling off seized Silk Road Bitcoins too early resulted in a significant loss for the US government. Senator Lummis has taken a strong stance on promoting Bitcoin and financial freedom, recently introducing the BITCOIN Act and being appointed as the head of the newly formed Subcommittee on Digital Assets. The subcommittee's goals include passing laws to encourage innovation and consumer protection in the digital asset space and overseeing federal regulators to prevent overreach.
Content Editor ( cryptopolitan.com )
- 2025-02-01
US Marshals miss Senator Lummis’ deadline to provide answers on their Bitcoin stash
