• 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

IPO Genie Launches Utility-First Crypto Presale

chest

IPO Genie has launched a presale for its IPO token, focusing on utility and access to private market opportunities.

user avatarMiguel Rodriguez

Grayscale Registers New ETFs in Delaware, Signaling Future Expansion

chest

Grayscale Investments has registered two new ETFs in Delaware, indicating potential future expansion in the cryptocurrency market.

user avatarArif Mukhtar

Trump Supports Iranian Freedom Amid Military Strike Discussions

chest

Trump expresses support for Iranian freedom amid discussions of potential military strikes.

user avatarLuis Flores

Institutional Interest in Bitcoin ETFs Resurges Amid Market Fluctuations

chest

The resurgence of institutional entries into US spot Bitcoin ETFs is seen as a positive signal for Bitcoin's long-term expectations.

user avatarMaria Gutierrez

OBBBA Legislation to Reshape Renewable Energy Project Financing

chest

The One Big Beautiful Bill Act (OBBBA) introduces new regulations affecting renewable energy project financing in the United States, effective July 4, 2026, imposing stricter rules on foreign components and creating a two-tier market for developers.

user avatarKofi Adjeman

AI Bot Truth Terminal Successfully Negotiates Bitcoin Grant

chest

In a remarkable episode, AI bot Truth Terminal successfully negotiated a 50,000 Bitcoin research grant with Marc Andreessen in July 2024, proposing experiments and requesting funding without a formal business plan.

user avatarAndrew Smith

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.