Senator Cynthia Lummis of Wyoming has written to the United States Marshals Service demanding answers regarding the potential sale of 69,370 Bitcoin seized in the Silk Road asset forfeiture. Lummis believes that selling the government's Bitcoin holdings is a form of political spite and contradicts the incoming administration's policy objectives of establishing a National Bitcoin Stockpile. The sale was given the green light after Judge Richard Seeborg denied a petition to block the asset forfeiture, but it conflicts with plans to establish a Bitcoin strategic reserve in the US. The idea of Bitcoin strategic reserves is gaining momentum globally, with some analysts predicting that establishing one in the US could drive the price of Bitcoin to $1 million.
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Wyoming Senator demands answers over potential sale of seized Silk Road Bitcoin
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