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Senator Cynthia Lummis (R-WY) has called for a halt to the U.S. Marshals Service's sale of Bitcoin seized from the Silk Road, citing concerns over the financial implications of these sales, which have resulted in $18.5 billion in unrealized losses. Lummis has also criticized the Federal Deposit Insurance Corporation (FDIC) for alleged misconduct in its oversight of digital assets, demanding accountability regarding its handling of crypto records and whistleblower threats. As the first chair of the Senate Banking Committee's digital assets panel, Lummis's inquiries aim to address these issues and ensure better oversight of cryptocurrency activities.
SENATOR LUMMIS QUESTIONS U.S. BITCOIN SALES, HIGHLIGHTS $18.5 BILLION IN UNREALIZED LOSSES - U.S. Senator Cynthia Lummis has initiated an inquiry into the U.S. Marshals Service's practice of selling seized Bitcoin, expressing concerns over the financial implications for… https://t.co/POeixFjDjU
🗞 Top #CryptoNews: Fri, Jan 17 (24H) 1️⃣ Senator Lummis urges halt to Silk Road #Bitcoin sale, demands FDIC accountability on crypto records 2️⃣ #Trump to enact 5 crypto changes ASAP via Executive Order amid red tape https://t.co/GJAazel4V1
.@SenLummis, set to be the first chair of the Senate Banking Committee's digital assets panel, lit up two federal agencies this week, targeting the @USMarshalsHQ sale of U.S. bitcoin holdings and @FDICgov debanking. @jesseahamilton reports https://t.co/GvdHkbfb1t
