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

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by Giorgi Kostiuk

a year 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.

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