Senator Lummis Challenges Silk Road Bitcoin Sale and FDIC Practices
- Senator Cynthia Lummis expressed concerns over the liquidation of 69,370 Bitcoins tied to the Silk Road.
- The US Marshals Services historically sold 195,092 BTC for $366.5 million, now valued at $18.9 billion.
- Lummis criticized the Department of Justice’s rationale for a quick sale due to Bitcoin price volatility.
- She addressed allegations against the FDIC regarding document destruction and staff intimidation related to digital assets.
Senator Lummis questioned the urgency of selling 69,370 Bitcoins from Silk Road, citing past taxpayer losses from similar sales by US Marshals Services. She also raised issues about alleged misconduct within the FDIC regarding digital asset records.
