Lummis: Confiscation of 127,000 Bitcoins from "Prince Group" Highlights Legislation and Need to Strengthen Strategic Bitcoin Reserves
2025-10-14 22:38:36
US Senator Cynthia Lummis said that the US confiscation of about 127,000 bitcoins from the "princeling group" highlights two urgent tasks for Congress: one is to pass digital asset market structure legislation as soon as possible, so that law enforcement agencies can protect innovation while combating wrongdoing; the other is to clarify the storage, return and intergenerational protection scheme for confiscated bitcoins, and convert the proceeds of crime into national assets that strengthen the US strategic bitcoin reserve.
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