- Cynthia Lummis criticizes alleged DOJ Bitcoin liquidation worth $6 million.
- DOJ denies Bitcoin sale amid community concerns.
- Potential policy breach questioned by crypto enthusiasts.
Senator Cynthia Lummis expressed concern on January 6, 2026, regarding reports of the U.S. Department of Justice potentially violating orders by selling $6 million worth of Bitcoin.
The alleged sale questions the adherence to Executive Order 14233, impacting the government's Strategic Bitcoin Reserve policy while potentially affecting Bitcoin market sentiments and regulatory compliance perceptions.
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Key Takeaways
- Cynthia Lummis criticizes alleged DOJ Bitcoin liquidation worth $6 million.
- DOJ denies Bitcoin sale amid community concerns.
- Potential policy breach questioned by crypto enthusiasts.
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Senator Cynthia Lummis expressed concerns over a reported Bitcoin sale by the U.S. Department of Justice. Allegedly involving 57.55 BTC, worth approximately $6.3 million, this potential sale would contravene Executive Order 14233.
"Why is the U.S. gov still liquidating bitcoin when @POTUS explicitly directed these assets be preserved for our Strategic Bitcoin Reserve? We can’t afford to squander these strategic assets while other nations are accumulating bitcoin. I’m deeply concerned about this report." — Senator Cynthia Lummis, U.S. Senator (R-Wyo.), Chair of Senate Banking Subcommittee on Digital Assets.
The U.S. Marshals Service (USMS), reportedly responsible for handling the sale, denied selling the Bitcoin. The incident involved assets seized from Samourai Wallet co-founders following a criminal plea deal.
The market saw increased volatility, with Bitcoin's price dropping 1.21% following the news. Investors are wary, considering prior policy dictates preserving such assets for strategic reserves.
Questions have emerged regarding the implications of such actions on market stability and government policy adherence. The alleged sale has incited debate, highlighting governmental transparency and compliance issues.
USMS stated that no sale occurred, urging verification of such information. The Bitcoin community remains vigilant, reassessing potential financial risks amid this development.
The incident underscores ongoing tensions within regulatory landscapes, focusing on Bitcoin's role in government policy. Treatment of seized assets reflects larger strategic and financial decisions facing the governmental structure.