FREE MEETING: KEY TRENDS AND RISKS IN NFT GAMES– REGISTER

Crypto Cipherium
  • Home
  • News
    BFGIX: A Concentrated Development Fund With a Robust Lengthy-Time period Report
    Market

    BFGIX: A Concentrated Development Fund With a Robust Lengthy-Time period Report

    Baron Targeted Development Fund BFGIX is an actively managed mutual fund that seeks…

    By Editor
    June 11, 2026
    Earnings name transcript: Thoughts Know-how Q1 2027 income misses estimates
    Business
    Earnings name transcript: Thoughts Know-how Q1 2027 income misses estimates
    BFGIX: A Concentrated Development Fund With a Robust Lengthy-Time period Report
    Market
    2 Rydex Mutual Funds to Diversify Your Funding Portfolio
    Dave Ramsey’s Blunt Recommendation to a Bride Whose Fiancé Refuses to Save
    Business
    Dave Ramsey’s Blunt Recommendation to a Bride Whose Fiancé Refuses to Save
    ORCL, INTC, AMAT, AA and extra
    Market
    ORCL, INTC, AMAT, AA and extra
  • Stock Market
    Stock MarketShow More
    Bezos and Bajaj on Prometheus: Reside updates
    Bezos and Bajaj on Prometheus: Reside updates
    June 11, 2026
    Is Dogecoin Useless Or May The SpaceX IPO Lead To A Revival?
    Is Dogecoin Useless Or May The SpaceX IPO Lead To A Revival?
    June 11, 2026
    Overbought US Greenback eyes 1.40–1.41 vary – Scotiabank
    Overbought US Greenback eyes 1.40–1.41 vary – Scotiabank
    June 11, 2026
    Sony: The Market Is Lacking The Larger Image (NYSE:SONY)
    Sony: The Market Is Lacking The Larger Image (NYSE:SONY)
    June 11, 2026
    Travala Claims a World First With the Launch of Its Finish-to-Finish Agentic AI Journey Protocol
    Travala Claims a World First With the Launch of Its Finish-to-Finish Agentic AI Journey Protocol
    June 11, 2026
  • Blockchain
    BlockchainShow More
    CFTC Proposes New Guidelines for Sports activities Prediction Markets
    CFTC Proposes New Guidelines for Sports activities Prediction Markets
    June 11, 2026
    Claude Managed Brokers Streamline AI Agent Deployment
    Claude Managed Brokers Streamline AI Agent Deployment
    June 11, 2026
    Ray Day NYC Spotlights AI Scaling from Coinbase, Discord, Torc
    Ray Day NYC Spotlights AI Scaling from Coinbase, Discord, Torc
    June 11, 2026
    CFTC Proposes New Guidelines for Sports activities Prediction Markets
    StarkWare and Sui Unveil Compliance-Prepared Privateness Options
    June 11, 2026
    HKMA Highlights Tokenisation Potential for Company Treasury
    HKMA Highlights Tokenisation Potential for Company Treasury
    June 10, 2026
  • Market Analysis
    Market Analysis
    Show More
    Top News
    Earn factors on lease funds (Bilt Card 2.0 coming quickly)
    Earn factors on lease funds (Bilt Card 2.0 coming quickly)
    November 7, 2025
    ISITC’s Paul Fullam on the ‘anxiousness’ over T+1 in Europe
    ISITC’s Paul Fullam on the ‘anxiousness’ over T+1 in Europe
    February 19, 2026
    Kind 4 Broadway Monetary Company For: 6 March
    Kind 4 Broadway Monetary Company For: 6 March
    March 7, 2026
    Latest News
    BFGIX: A Concentrated Development Fund With a Robust Lengthy-Time period Report
    June 11, 2026
    Earnings name transcript: Thoughts Know-how Q1 2027 income misses estimates
    June 11, 2026
    2 Rydex Mutual Funds to Diversify Your Funding Portfolio
    June 11, 2026
    Dave Ramsey’s Blunt Recommendation to a Bride Whose Fiancé Refuses to Save
    June 11, 2026
Reading: Senator Lummis Warns DOJ Sale of 57 BTC Threatens U.S. Strategic Bitcoin Reserve
Share
Crypto CipheriumCrypto Cipherium
Font ResizerAa
Search
  • Home
  • News
    • NFT
    • Mining
  • Stock Market
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Blockchain
  • Market
    • Business
    • Money
Have an existing account? Sign In
Follow US
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service
2025 © Crypto Cipherium. All Rights Reserved.
News

Senator Lummis Warns DOJ Sale of 57 BTC Threatens U.S. Strategic Bitcoin Reserve

Editor
Last updated: January 7, 2026 12:09 am
Editor
Published: January 7, 2026
Share
Senator Lummis Warns DOJ Sale of 57 BTC Threatens U.S. Strategic Bitcoin Reserve


Contents
  • Senator Lummis Questions Latest Authorities Bitcoin Sale 
  • US’ SBR Initiative 
  • A Violation of Trump’s Govt Order? 

Professional-crypto Senator Cynthia Lummis has raised contemporary issues over how the U.S. authorities is dealing with forfeited Bitcoin.

On Tuesday, Bitcoin Journal reported that the Division of Justice (DOJ) might have bought Bitcoins linked to the Samourai Pockets case. In keeping with the report, the U.S. Marshals Service (USMS) offloaded roughly $6.3 million value of Bitcoin on behalf of the DOJ.

For context, Samourai Pockets builders William Lonergan Hill and Keonne Rodriguez forfeited roughly 57.55 BTC to the federal government as a part of a plea settlement reached in November 2025. Reasonably than holding the property in authorities custody, authorities routed the Bitcoin on to a Coinbase Prime deal with.

Sometimes, transfers to exchange-linked addresses sign an imminent sale. In keeping with this assumption, on-chain knowledge from Arkham exhibits that the Coinbase Prime deal with at the moment holds a zero stability, indicating that the Bitcoin was bought nearly instantly after the switch.

Senator Lummis Questions Latest Authorities Bitcoin Sale 

The event sparked issues amongst Bitcoin proponents, with Senator Lummis questioning why federal businesses proceed to promote BTC in violation of President Donald Trump’s directive. 

Notably, the U.S. President signed an government order final 12 months directing that forfeited BTC be retained as a part of the U.S. Strategic Bitcoin Reserve (SBR). Following experiences of gross sales, Senator Lummis warned that the U.S. dangers undermining its long-term strategic place by squandering its forfeited Bitcoins, whereas different international locations are actively accumulating the asset.

US’ SBR Initiative 

Earlier than the election, Trump disclosed plans to create a Strategic Bitcoin Reserve for the USA. Notably, Lummis additionally supported this plan by drafting a invoice that requires the federal government to carry 1 million BTC for not less than 20 years. 

Following Trump’s inauguration, he signed an government order to arrange a Bitcoin reserve that won’t value taxpayers a dime. The directive stipulated that the reserve might be funded with property forfeited by way of felony or civil proceedings. 

A Violation of Trump’s Govt Order? 

Nevertheless, the reported sale of Samourai Pockets’s forfeited BTC might have violated the chief order. The report cited feedback from a authorized analyst who emphasised that neither the forfeiture statutes beneath 18 U.S.C. § 982 nor associated provisions require forfeited property to be transformed into money. As an alternative, the regulation permits the federal government to carry property in variety, aligning with the chief order’s intent to deal with Bitcoin as a strategic reserve asset moderately than a legal responsibility to be disposed of. 

In the meantime, regardless of the DOJ’s reported sale, the U.S. authorities nonetheless holds a considerable quantity of BTC. In keeping with Arkham, the federal government has round 328,372 BTC, valued at roughly $30.8 billion. 

US authorities Bitcoin Holdings

DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the writer’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary will not be accountable for any monetary losses.

CLARITY Act Odds Rise as Crypto and Banking Leaders Evaluate Stablecoin Yield Textual content
Crypto Platform Polymarket Launches Actual Property Markets
Belarus President Indicators Regulation Permitting Cryptobanks to Combine Tokens Into Banking
Chainlink Set for Main Increase Following DTCC’s SEC Approval for Tokenized ETFs
Jake Claver Predicts “Excellent Storm” Towards Triple-Digit XRP, Says XRP ETF Provide Shock Has Begun

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Bitcoin Quick Positions Unwind as Market Consideration Regularly Shifts Towards Altcoins Bitcoin Quick Positions Unwind as Market Consideration Regularly Shifts Towards Altcoins
Next Article Dubai RTA launches 4 new bus routes and upgrades 70 companies from January 9 Dubai RTA launches 4 new bus routes and upgrades 70 companies from January 9
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Popular News
Success Story: Charles Tyler’s Studying Journey with 101 Blockchains
Success Story: Charles Tyler’s Studying Journey with 101 Blockchains
Key Advantages, Use Circumstances, And Developments
Key Advantages, Use Circumstances, And Developments
The Innovation Hub Playbook: Constructing a Digital Ecosystem for the Recent Meals Chain
The Innovation Hub Playbook: Constructing a Digital Ecosystem for the Recent Meals Chain

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Youtube
Crypto Cipherium

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Topics

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service
Reading: Senator Lummis Warns DOJ Sale of 57 BTC Threatens U.S. Strategic Bitcoin Reserve
Share
2025 © Crypto Cipherium. All Rights Reserved.
  • bitcoinBitcoin(BTC)$62,877.001.65%
  • ethereumEthereum(ETH)$1,651.380.63%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$599.651.45%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • rippleXRP(XRP)$1.11-0.63%
  • solanaSolana(SOL)$65.551.10%
  • tronTRON(TRX)$0.321074-0.29%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.75%
  • dogecoinDogecoin(DOGE)$0.0851591.05%
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?