U.S. Marshals Service Misses Deadline for Report on Bitcoin Seized from Silk Road

Source
Uk Jin

Summary

  • The U.S. Marshals Service missed the deadline to submit a report on Bitcoin seized from Silk Road.
  • Senator Lummis expressed concerns over the plan to sell approximately 70,000 Bitcoins held by the U.S. Marshals Service.
  • The U.S. Marshals Service is expected to report on the Bitcoin assets they currently hold in an upcoming briefing.

On the 4th, Bloomberg reported that the U.S. Marshals Service failed to meet the deadline for submitting a report on Bitcoin (BTC) seized from Silk Road, as requested by Senator Cynthia Lummis.

Senator Lummis requested information on how much Bitcoin the U.S. Marshals Service holds, how they plan to handle these assets, and whether they have evaluated the effectiveness and timing of past Bitcoin sales. Senator Lummis has expressed concerns over the Department of Justice's plan to sell approximately 70,000 Bitcoins held by the U.S. Marshals Service.

Meanwhile, the U.S. Marshals Service is expected to brief Senator Lummis in the coming weeks on the assets, including Bitcoin, they currently hold.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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