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CoinGape 2025-01-16 13:52:11

Breaking: Senator Cynthia Lummis Probing US Marshals Over Bitcoin Sale

Pro-crypto Senator Cynthia Lummis is allegedly probing the United States Marshals over the proposed plans to sell its seized Bitcoin (BTC) stash. The investigation, according to Politico hinges on halting the rushed approach of the regulator at a critical time in the country. The US Marshals and Bitcoin Sales The Politico report noted that Senator Cynthia Lummis sent a letter to the US Marshals on January 15, making the probe official. Per an except from the letter , the Senator is flagging a number of issues regarding the sale, including the timing during the Presidential transition. The pro-crypto lawmaker also noted that selling Bitcoin directly contradicts the stated objectives of President-elect Donald Trump. Senator Lummis pointed at the plans for a strategic Bitcoin Reserve by the incoming administration. One critical issue she also flagged is the revenue loss as previous sales made the United States lose as much as “$18.5 billion in unrealized value for American taxpayers.” Senator Cynthia Lummis plays a frontline role in the growing shift for pro-crypto policies. As reported earlier by Coingape, she was appointed to lead the first subcommittee on crypto oversight in the U.S This is a breaking news, please check back for updates!!! The post Breaking: Senator Cynthia Lummis Probing US Marshals Over Bitcoin Sale appeared first on CoinGape .