• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cynthia Lummis Opposes Bitcoin Sale: Investigating U.S. Marshals' Plans

user avatar

by Giorgi Kostiuk

10 months ago

Senator Cynthia Lummis has initiated an investigation into U.S. Marshals' plans to sell seized Bitcoin, citing potential taxpayer losses.

Lummis Begins Investigation

On January 15, Senator Lummis sent a letter expressing concerns about the timing and methods of selling the seized Bitcoin.

Concerns Over Transition

Lummis stated that such actions could negatively impact the incoming administration's plans for a National Bitcoin Reserve.

Financial Implications of Sale

Senator Lummis highlighted a $18.5 billion loss to U.S. taxpayers from previous sales of Bitcoin at lower prices.

Selling at inappropriate times can lead to significant losses.Cynthia Lummis

Senator Lummis's attempts to delay Bitcoin sales underscore her commitment to protecting taxpayer interests and promoting cryptocurrency initiatives in the U.S.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sei SEI Optimizes Decentralized Trading

chest

Sei is a specialized Layer 1 blockchain designed for speed and efficiency, targeting decentralized exchanges.

user avatarMaya Lundqvist

Sky SKY Enhances DeFi Governance

chest

Sky is the governance token for the Sky Protocol, providing users with a non-custodial way to access liquidity through its stablecoin.

user avatarLeo van der Veen

Render RENDER Revolutionizes GPU Rendering

chest

Render offers a decentralized solution for GPU rendering, connecting artists with idle GPU owners, thus democratizing access to high-end rendering resources.

user avatarKaterina Papadopoulou

New Policies Impact Over 200 Local Businesses

chest

Recent changes in regulations are set to affect more than 200 businesses in the area, aiming to boost economic growth.

user avatarLi Weicheng

Ethereum's Price Movements and Market Indicators

chest

Ethereum's trading pattern shows active downside correction with potential support at $3,022 and resistance at $3,042. Current market indicators suggest bearish momentum.

user avatarAisha Farooq

OKX Reports Significant Increase in Bitcoin and USDT Balances

chest

OKX's 37th Proof of Reserves report reveals a notable rise in user Bitcoin and USDT balances as of November 19.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.