U.S. Senator Cynthia Lummis urges slowdown in Bitcoin liquidations and investigation of FDIC crypto-related practices

PANews, January 17, according to CoinDesk, U.S. Senator Cynthia Lummis put pressure on federal agencies on two cryptocurrency-related issues this week. On the eve of Trump's re-inauguration as president, she urged the U.S. Marshals Service to slow down plans to sell Bitcoin seized in the Silk Road case and warned the Federal Deposit Insurance Corporation (FDIC) not to destroy documents about its guidance for banks to cut ties with crypto customers. evidence.

Lummis opposes the current rapid liquidation of approximately 70,000 Bitcoins (approximately $6.9 billion), advocating for their inclusion in the Trump administration’s proposed “National Bitcoin Reserve” plan. At the same time, she pointed out that it would be illegal for the FDIC to try to hide relevant materials about the so-called "Operation Chokepoint 2.0". Loomis will also lead the Senate Banking Committee’s digital assets group in the new Congress, working with Chairman Tim Scott to develop a regulatory framework for crypto assets to promote financial innovation and inclusive development.