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