US Senator questions government selling Bitcoin: Violates strategic reserve policy

【BlockBeats】Interesting things are happening. US Senator Cynthia Lummis recently criticized, asking why the government is still selling Bitcoin. Trump has already issued clear instructions that these assets should be stored for the purpose of building a strategic Bitcoin reserve for the United States. So what happened? While other countries are frantically accumulating coins, we are instead offloading assets, which is a huge loss. Lummis expressed considerable dissatisfaction with this.

The background is as follows: In November last year, the US Department of Justice instructed the Marshals Service to sell 57.55 Bitcoins through a well-known custody platform. The money came from a plea agreement with the developer of Samourai Wallet. At the time, this amount was worth approximately $6,367,000. The issue is that this operation might have defied Executive Order No. 14233 signed by Trump — which explicitly states that Bitcoin obtained through criminal forfeiture should be included in the “National Strategic Bitcoin Reserve” and should not be sold. Now, the balance of that Bitcoin address is zero, and the related assets should have been liquidated. This has caused quite a bit of controversy.