U.S. Senator Cynthia Lummis urges slowdown of Bitcoin liquidations, investigation of FDIC crypto practices

PANews reported on January 17 that 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 its plans to sell bitcoins confiscated in the Silk Road case and warned the Federal Deposit Insurance Corporation (FDIC) not to destroy evidence of its instructions to banks to cut off relationships with crypto customers.

Loomis opposes the rapid liquidation of the current approximately 70,000 bitcoins (about $6.9 billion), and advocates that they be included in the Trump administration's proposed "National Bitcoin Reserve" plan. At the same time, she pointed out that the FDIC would be breaking the law if it tried to hide the relevant materials of the so-called "Operation Chokepoint 2.0". Loomis will also lead the Senate Banking Committee's Digital Assets Group in the new Congress, and work with Chairman Tim Scott to develop a regulatory framework for crypto assets to promote financial innovation and inclusive development.

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Author: PA一线

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