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Cynthia Lummis: “The first 200,000 bitcoin can come from the asset forfeiture…”

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 24:40

What do you say to them? Well, I haven't researched whether the president can establish a strategic bitcoin reserve without congressional authorization or not. I'm inclined to think he can. 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 that prior to turning the reins of government over to the Trump administration. (24:40–24:47)

CLAIM

Asserts that 200,000 bitcoin for a strategic reserve can be sourced from the asset forfeiture fund.

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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