US Offloads 80% Of Bitcoin – Lummis Says It’s A ‘Total Blunder’

Description

Senator Cynthia Lummis sounded the alarm this week after a Freedom of Information Act response showed the US Marshals Service holding just 28,988 BTC. She warned that offloading more than 80% of the government’s Bitcoin stash would be a “strategic blunder.” Based on reports, that figure sparked concerns that the US had sold on a massive scale, dropping from about 198,012 BTC earlier in the year to under 30,000 BTC overnight. Confusion Over Bitcoin Custody According to the FOIA response, the USMS...