Cynthia Lummis 'Deeply Concerned' After Report Points Toward $6 Million Bitcoin Sale By Justice Department — But Did It Really Happen?

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Sen. Cynthia Lummis (R-Wyo.) expressed heavy interest Monday implicit reports that the U.S. authorities is selling Bitcoin (CRYPTO: BTC), contempt a directive to sphere specified assets for the Strategic Bitcoin Reserve.

Lummis voiced her concerns successful effect to a study by Bitcoin Magazine, which revealed that the Department of Justice sold the Bitcoin seized from Samourai Wallet developers as portion of their plea deal.

Lummis questioned wherefore this was inactive happening contempt President Donald Trump’s enforcement bid from past twelvemonth requiring that forfeited Bitcoin beryllium held successful a Strategic Bitcoin Reserve.

“We can't spend to squander these strategical assets portion different nations are accumulating bitcoin,” Lummis said. “I'm profoundly acrophobic astir this report.”

Why is the U.S. gov inactive liquidating bitcoin erstwhile @POTUS explicitly directed these assets beryllium preserved for our Strategic Bitcoin Reserve? We can't spend to squander these strategical assets portion different nations are accumulating bitcoin. I'm profoundly acrophobic astir this report. https://t.co/XW5WxsfliA

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The study stated that the U.S. Marshall Service, a Department of Justice agency, mightiness person sold astir $6.3 cardinal successful BTC forfeited from Samourai co-founders Keonne Rodriguez and William Lonergan Hill.

The 2 were arrested and charged with wealth laundering and unlicensed wealth transmitting offenses successful 2024.

Data from the on-chain analytics steadfast Arkham showed that 57.55 BTC was transferred from Samourai wallets to a Coinbase Prime Deposit code owned by the U.S. government. Later, the funds were moved to different Coinbase Prime Deposit address, which presently has zero balance.

The USMS didn’t instantly instrumentality Benzinga’s petition for confirmation.

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The U.S. authorities holds 328,372 BTC, worthy over $30 billion, according to information from Arkham.

Trump’s enforcement bid established a National Bitcoin Reserve funded by forfeited assets, with a proviso to make budget-neutral strategies for acquiring further BTC.