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Senator Lummis probes US federal law enforcement about Bitcoin sale

Senator Cynthia Lummis raised concerns about the US government’s intention to sell 69,370 Bitcoin (BTC) seized from Silk Road, suggesting that it undermines strategic reserve discussions.

Lummis criticized the planned sale as politically motivated, highlighting its discordance with the incoming administration’s policy for establishing a National Bitcoin Stockpile.

Global proposals for Bitcoin reserves are gaining traction. Analysts predict that several nations might diversify into BTC by 2025, with Lummis advocating the conversion of gold to Bitcoin.

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