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The US S service has missed the deadline for reporting to Senator Cynthia Ramis on the Bitcoin Management of the Silk Road case. Senator Lamis caused concerns about the planned sales of 69,370 bitcoin worth about $ 7 billion, and quoted 98 % of value.
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The U.S. -former S Service (USMS) missed the deadline on Friday, provided detailed information about bitcoin processing seized from the Silk Road Incident, and indicated the source of knowledge of the problem. It was seized by Senator Lumis.
Lummis Senator has raised concerns about the sales of about 69,370 seized bitcoin agencies, which was evaluated as about $ 7 billion at the current market price in a letter to USMS last month. She quoted the potential financial loss of taxpayers and the Trump administration’s policy order.
LUMMIS’s letter to USMS emphasized the pre -bitcoin sales of agencies, focusing on the fact that the disposal of 195,092 bitcoin from 2014 to 2023 generated about $ 366 million. 。 These same ownership is worth more than $ 18.9 billion at the current market price, indicating that Ramis has called “tremendous 98 % loss of potential value.”
The letter also paid to the recent court of submission of Bitcoin’s price volatility to justify the quick sales. She discovered the positive pursuit of the department, despite the legal tasks being held during the transition period, especially during the transition period.
The letter has demanded a greater transparency in the management of USMS bitcoin assets, including the public’s disclosure. He also took responsibility for the past losses for government agencies and tried to secure better decisions in the future.
When the letter was released, Trump had a wide range of expectations in the cryptocien community in which Trump issues a Presidential Order (EO) to establish an important promise from the presidential election.
On January 23, the president signed EO and instructed working groups to evaluate the possibility of creating domestic digital asset stockpiling.
Orders do not make specific promises for dedicated bitcoin protection, but if bitcoin is established, bitcoin may be part of stockpiling.
USMS, which supervises the digital assets seized during a criminal investigation, manages about 7.6 billion -confiscation programs as of September 2024.
Although the agency missed the deadline, he said that the person familiar with the issue would briefly explain Lumis and her staff in the next few weeks and provide stock of bitcoin holding.
Senator Lamis has been appointed chairman of the newly established Senate Bank of the Senate Small Committee on digital assets. The small committee is the first one in this type and is currently conducting digital assets under the Senate Bank Committee led by Senator Tim Scott.
The small committee aims to pass a bipartic law that establishes a comprehensive legal framework of digital assets. This framework aims to promote responsible innovation while protecting consumers, and includes market structure, stubcoin, and strategic bitcoin reserves.
Lamis temporarily led the efforts to create a US strategic bitcoin reserve through proposed laws, called the Bitcoin Law.
This bill died as of January 3, 2025, but if she plans to re -introduce it in 2025, it can take advantage of the newly selected encryption. I did it.
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