The US Marshals Service failed to timely submit a report to Senator Lummis regarding the handling of the Black Web Silk Road seizure of Bitcoin

Odaily Planet Daily News: Insiders have revealed that the US Marshals Service (USMS) failed to provide detailed information to Senator Cynthia Lummis regarding its handling of the Bitcoin seized in the Dark Web Silk Road case before last Friday's deadline. Lummis wrote to USMS last month expressing concerns about the agency's plan to sell approximately 69370 seized bitcoins, which are worth over $6.6 billion at current market prices. She pointed out that this may cause economic losses to taxpayers and conflict with the policy directives of the Trump administration. She emphasized in the letter the institution's previous Bitcoin sales and pointed out that it sold 195092 bitcoins between 2014 and 2023, earning only about $366 million. Based on current market prices, the value of these assets exceeds $18.7 billion, and Lummis claims that their "potential value loss is as high as 98%". The letter also mentioned a recent court document stating that the Ministry of Justice is accelerating the sale process on the grounds of Bitcoin price fluctuations. She believes that despite legal challenges, the Department of Justice is actively seeking liquidation, which is unsettling, especially during the presidential transition period. The letter calls on USMS to increase transparency in Bitcoin asset management, including public disclosure of holdings. The letter also attempts to hold the institution accountable for past losses and ensure better decision-making in the future. （Crypto Briefing）