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Cynthia Lummis: “The Biden administration was selling [bitcoin from the asset…”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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Senator Cynthia Lummis and Michael Saylor Discuss Strategic Bitcoin Reserve Proposal

Published | Video Starts at 24:54

The first 200,000 bitcoin can come from the asset forfeiture fund. We are currently trying to find out from the US Marshals Service how much remains of that. The Biden administration was selling [bitcoin from the asset forfeiture fund] prior to turning the reins of government over to the Trump administration. So we're trying to analyze how much of that is still there. But that could comprise the first year of a strategic bitcoin reserve. (24:54–25:03)

CLAIM

Asserts that the Biden administration sold bitcoin from the asset forfeiture fund before the Trump administration took office.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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