Cryptocurrencies
US Marshals Won’t Meet Senator’s Deadline to List Cryptoassets
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Cynthia Lummis at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27.
Photographer: Brett Carlsen/BloombergThis article is for subscribers only.
The US Marshals Service will not meet a Friday deadline to tell an influential senator the exact number of Bitcoin assets it controls and how it plans to manage them, according to two people familiar with the matter.
US Senator Cynthia Lummis, a Wyoming Republican who chairs the Senate Banking Subcommittee on Digital Assets, sent the agency a letter two weeks ago requesting information about how much of the cryptocurrency the Marshals Service currently controls, what it plans to do with its holdings and whether it has taken any steps to measure the “effectiveness and timing” of past Bitcoin sales.