• 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

XRP Price Experiences a Decline After Struggling to Break Through Major Resistance.

chest

XRP price has started a downside correction after failing to hold above the 1420 level, with current support at 13550.

user avatarSatoshi Nakamura

DiceyHQ's Beta Phase Attracts Heavy Betting Volume

chest

DiceyHQ's closed beta attracted around 200 users who placed approximately $15 million in wagers, prompting a strategic shift towards betting products.

user avatarRajesh Kumar

Magic Eden Scales Back Operations, Focuses on Solana

chest

Magic Eden is scaling back its services, focusing solely on Solana as it winds down support for EVM and Bitcoin products.

user avatarFilippo Romano

Hyperliquid Emerges as a Major Player in Crypto Derivatives

chest

Hyperliquid has emerged as a leading decentralized exchange, surpassing Coinbase International's derivatives volume in 2025.

user avatarLucas Weissmann

Bitcoin Shows Signs of Recovery as March Begins

chest

Bitcoin opened March at 68,600, showing signs of recovery after a tough February.

user avatarTomas Novak

Leverage Unwinds and Weak Spot Demand Undermine February's Rebound

chest

The mid-February drawdown in Bitcoin was exacerbated by leverage unwinds and a lack of consistent spot demand, leading to a volatile market environment.

user avatarEmily Carter

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.