Lummis Demands Answers from U.S. Marshals Service on Silk Road Bitcoin Asset Sales

January 16, 2025

Washington, D.C.- U.S. Senator Cynthia Lummis (R-WY) penned a letter to the Director of the United States Marshals Service expressing her urgent concern surrounding the Marshals Service's plan to dispose of nearly 70,000 Bitcoin seized from the Silk Road case.

"The historical record of Bitcoin sales by the U.S. Marshals Service, resulting in over $17 billion in unrealized value for taxpayers, serves as a stark reminder of the cost of hasty liquidation decisions," Senator Lummis wrote. "We cannot afford to repeat these mistakes. These Bitcoin represent an opportunity to diversify America's assets and create a financial foundation that will benefit future generations. The decision to hold or sell these assets will reverberate far beyond this administration, potentially impacting our nation's financial sovereignty and strategic position for decades to come."

A full copy of the letter can be read here.

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