Senator Lummis Challenges Federal Agencies on Crypto Asset Policies
- Senator Cynthia Lummis urged the U.S. Marshals Office to delay selling nearly 70,000 bitcoins, valued at about $6.9 billion.
- Lummis highlighted the need for a U.S. bitcoin reserve as part of national strategy discussions.
- She warned the FDIC against concealing evidence related to Operation Chokepoint 2.0, which targets digital asset activities.
- The Senate Banking Committee formed a subcommittee on digital assets, with Lummis as a leader.
- Senator Tim Scott outlined plans for a U.S. regulatory framework for digital assets, promoting financial inclusivity.
Senator Cynthia Lummis called for a halt to the sale of approximately $6.9 billion in bitcoin by the U.S. Marshals Office and emphasized transparency from the FDIC regarding digital asset policies.
