Senator Cynthia Lummis has raised significant concerns about the U.S. Marshals Service's handling of seized bitcoin, particularly regarding their plan to liquidate nearly 70,000 BTC, which is valued in the billions. In a letter to U.S. Marshals Service Director Ronald Davis, Lummis questioned the agency’s decision-making process and transparency, citing a history of unrealized losses amounting to over $18 billion from past bitcoin sales. She criticized the lack of a comprehensive strategy for managing digital assets, particularly in light of President-elect Donald Trump's proposal to create a national bitcoin stockpile. Lummis emphasized the need for careful consideration of the timing and rationale behind the sale, urging the Marshals to align their actions with broader national interests and policy directives, especially given the potential volatility of bitcoin prices and the change in administration.
