• 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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Tom Lee Highlights MSTR as Key Stock for Investors

chest

Financial analyst Tom Lee has identified MSTR as a crucial stock for investors, linking its performance to Bitcoin and Ethereum.

user avatarTenzin Dorje

Polkadot and XRP Expand Their Ecosystems

chest

Polkadot and XRP are making significant strides in expanding their ecosystems through partnerships and network upgrades.

user avatarBayarjavkhlan Ganbaatar

National Bank of Canada Invests $273 Million in MicroStrategy for Bitcoin Exposure

chest

The National Bank of Canada has invested $273 million in MicroStrategy by purchasing 147 million shares to gain compliant exposure to Bitcoin.

user avatarMohamed Farouk

Shiba Inu Anticipates Recovery in December Amid Market Changes

chest

Coinbase Institutional predicts a potential recovery for Shiba Inu in December, driven by improving liquidity and favorable macroeconomic conditions.

user avatarElias Mukuru

Shiba Inu Experiences Significant Increase in Token Burn Rate

chest

In the last 24 hours, Shiba Inu's burn rate has surged, with over 34 million SHIB tokens burned, marking a 274% increase.

user avatarDiego Alvarez

Ethereum Price Prediction: Can ETH Stay Above 3,000?

chest

Analyst Ted Pillows warns that Ethereum must maintain momentum above 3,000 to avoid dropping below 2,800.

user avatarKenji Takahashi

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.