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Market
What will be the market reaction to the U.S. Marshals' decision on Silk Road Bitcoins?
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Resolution / Starting Odds
Significant price increase • 25%
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Bitcoin market data from exchanges like Coinbase or Binance
Story
Senator Lummis Urges U.S. Marshals to Halt Sale of 70,000 Silk Road Bitcoins, Citing Strategic Asset Value
Jan 16, 2025, 03:14 PM
U.S. Senator Cynthia Lummis has expressed concerns over the U.S. Marshals Service's plan to sell nearly 70,000 Bitcoins seized from the Silk Road. In a letter to the agency, Lummis criticized the government's approach to Bitcoin and digital assets, stating that denying their value is costing taxpayers billions. She argued that the government should consider holding Bitcoin as a strategic asset for future generations rather than selling it off. Lummis highlighted past sales by the government, noting that previous transactions resulted in a loss of value, with one sale in 2014 amounting to $18.74 million for 29,657 Bitcoins.
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Similar markets
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