Senator Lummis probes US federal law enforcement about Bitcoin sale
Wyoming Senator Cynthia Lummis demanded answers from the United States Marshals Service regarding the potential sale of 69,370 Bitcoin seized from the Silk Road asset forfeiture. Lummis criticized the sale as politically motivated and contradictory to the incoming administration's goals for a National Bitcoin Stockpile. The sale was approved after Judge Richard Seeborg denied a petition to block the forfeiture, but further approvals are needed. Proposals for Bitcoin strategic reserves are gaining traction globally, despite political resistance. Fidelity Digital Assets' Matt Hogan predicted that nation-states and central banks may diversify into Bitcoin by 2025. Lummis previously suggested converting some US gold holdings into Bitcoin to support a national reserve, which could potentially drive Bitcoin's price to $1 million.
