Sen. Cynthia Lummis (R-Wyo.) expressed deep concern Monday over reports that the U.S. government is selling Bitcoin (CRYPTO: BTC), despite a directive to preserve such assets for the Strategic Bitcoin Reserve.
Lummis Reacts To Bitcoin Sale Report
Lummis voiced her concerns in response to a report by Bitcoin Magazine, which revealed that the Department of Justice sold the Bitcoin seized from Samourai Wallet developers as part of their plea deal.
Lummis questioned why this was still happening despite President Donald Trump’s executive order from last year requiring that forfeited Bitcoin be held in a Strategic Bitcoin Reserve.
“We can’t afford to squander these strategic assets while other nations are accumulating bitcoin,” Lummis said. “I’m deeply concerned about this report.”