No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, June 24, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

USMS Denies Selling Bitcoin After Court Doc, On-Chain Buzz

by TheAdviserMagazine
6 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
USMS Denies Selling Bitcoin After Court Doc, On-Chain Buzz
Share on FacebookShare on TwitterShare on LInkedIn


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Marshals Service (USMS) says it did not sell 57.5 Bitcoin that crypto media and on-chain sleuths had recently flagged as liquidated, pushing back on a narrative that the government may be offloading coins despite the Strategic BTC Reserve directive by US President Donald Trump.

The dispute surfaced after Bitcoin Magazine cited court paperwork that appeared to authorize liquidation of BTC tied to the Samourai Wallet case, and as blockchain movements showed the coins landing at Coinbase Prime, activity that traders often treat as a sale signal, even if it is not definitive on its own.

Wyoming Sen. Cynthia Lummis, one of Washington’s most vocal Bitcoin proponents, seized on the reporting to question why the government would be selling at all. “We can’t afford to squander these strategic assets while other nations are accumulating Bitcoin. I’m deeply concerned about this report,” she wrote on X, referencing the purported Samourai-linked sale.

Why is the U.S. gov still liquidating bitcoin when @POTUS explicitly directed these assets be preserved for our Strategic Bitcoin Reserve? We can’t afford to squander these strategic assets while other nations are accumulating bitcoin. I’m deeply concerned about this report. https://t.co/XW5WxsfliA

— Senator Cynthia Lummis (@SenLummis) January 6, 2026

No Bitcoin Sold: USMS

At the center of the controversy is Executive Order 14233, which requires BTC obtained via criminal or civil forfeiture to be preserved as part of a US Strategic BTC Reserve. The reporting suggested the alleged sale clashed with that mandate.

After DL News published its story, however, USMS directly denied that any such sale occurred, also criticizing the reporting process: [The USMS] has not sold the Bitcoin mentioned and it has no idea how Bitcoin Magazine would get that information. But they did not fact check nor contact us for information.”

Furthermore, the US Marshals told DL News that “USMS cryptocurrency liquidations go through a multi-level approval process to ensure only forfeited digital assets that meet the requirements of Section D of Executive Order 14233 are disposed.”

What sparked the confusion in the first place was a document described as an “Asset Liquidation Agreement” and an associated dollar figure—$6,367,139.69—tied to 57.5 BTC that were transferred on Nov. 3, 2025, in connection with the Samourai matter. Separately, on-chain tracking showed the same 57.5 BTC deposited to Coinbase Prime, a pattern that can be consistent with liquidation but “could not prove” a sale by itself.

In the Samourai case, federal authorities arrested developers Keonne Rodriguez and William Lonergan Hill in 2024, alleging the service operated as an unlicensed money transmitting business used by criminals. The report at issue centered on BTC that the developers paid to the Department of Justice as part of a guilty plea.

At press time, BTC traded at $89,915.

Bitcoin price chart
BTC price remains below the 0.618 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: BitcoinBuzzcourtDeniesdoconchainSellingUSMS
ShareTweetShare
Previous Post

2 top stock recommendations by Rahul Sharma

Next Post

Elbit expands US production with Sigma howitzer

Related Posts

edit post
CFTC Kentucky Lawsuit Extends Federal-State Fight Over Prediction Markets

CFTC Kentucky Lawsuit Extends Federal-State Fight Over Prediction Markets

by TheAdviserMagazine
June 24, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR The CFTC is reportedly challenging...

edit post
Bitget Upgrades CFD Copy Trading With Personalized Risk Controls

Bitget Upgrades CFD Copy Trading With Personalized Risk Controls

by TheAdviserMagazine
June 24, 2026
0

Bitget has now introduced a major upgrade to its CFD Copy Trading system, and with it, the platform’s followers will...

edit post
Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on

Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on

by TheAdviserMagazine
June 24, 2026
0

Swell, a liquid staking and restaking protocol, is shutting down its Ethereum Layer 2 chain after deciding that slower restaking...

edit post
KOSPI Shock Sends Fresh Warning Across Bitcoin And Risk Asse

KOSPI Shock Sends Fresh Warning Across Bitcoin And Risk Asse

by TheAdviserMagazine
June 23, 2026
0

TL;DR South Korea’s KOSPI suffered a near-10% drop after regulators warned over leveraged ETF risk tied to major chip stocks....

edit post
Ripple Nears 30-Country Payments Rollout After Preliminary MiCA Approval

Ripple Nears 30-Country Payments Rollout After Preliminary MiCA Approval

by TheAdviserMagazine
June 23, 2026
0

Key TakeawaysRipple secured a major regulatory breakthrough with conditional approval to expand crypto services across Europe.Banks, fintechs, and corporates could...

edit post
Crypto isn’t the Problem with the US Economy, Says Senator

Crypto isn’t the Problem with the US Economy, Says Senator

by TheAdviserMagazine
June 23, 2026
0

Cody Carbone, CEO of the cryptocurrency advocacy group The Digital Chamber, received a largely muted response to his testimony at...

Next Post
edit post
Elbit expands US production with Sigma howitzer

Elbit expands US production with Sigma howitzer

edit post
What are tech exits doing to Israel’s economy?

What are tech exits doing to Israel's economy?

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

June 20, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

June 15, 2026
edit post
The 8 States That Still Tax Social Security in 2026

The 8 States That Still Tax Social Security in 2026

June 6, 2026
edit post
Chad Carson’s 2 Deals/Year Strategy That Makes You a Rental Millionaire

Chad Carson’s 2 Deals/Year Strategy That Makes You a Rental Millionaire

0
edit post
Gaza reshaped New York’s Democratic primaries. Now the party has to figure out what that means.

Gaza reshaped New York’s Democratic primaries. Now the party has to figure out what that means.

0
edit post
Ten Years After 2016 Election, Money and Shadow Power Dominate

Ten Years After 2016 Election, Money and Shadow Power Dominate

0
edit post
Don’t Just Hear About The IT Singularity — Work Through It At Our Austin Tech Forum

Don’t Just Hear About The IT Singularity — Work Through It At Our Austin Tech Forum

0
edit post
The (Unexpected) Registration Responsibilities When Engaging In Paid Referrals

The (Unexpected) Registration Responsibilities When Engaging In Paid Referrals

0
edit post
ICON Public Limited Tops Q1 2026 Profit Forecast With .50 EPS

ICON Public Limited Tops Q1 2026 Profit Forecast With $2.50 EPS

0
edit post
Gaza reshaped New York’s Democratic primaries. Now the party has to figure out what that means.

Gaza reshaped New York’s Democratic primaries. Now the party has to figure out what that means.

June 24, 2026
edit post
CFTC Kentucky Lawsuit Extends Federal-State Fight Over Prediction Markets

CFTC Kentucky Lawsuit Extends Federal-State Fight Over Prediction Markets

June 24, 2026
edit post
Ten Years After 2016 Election, Money and Shadow Power Dominate

Ten Years After 2016 Election, Money and Shadow Power Dominate

June 24, 2026
edit post
ICON Public Limited Tops Q1 2026 Profit Forecast With .50 EPS

ICON Public Limited Tops Q1 2026 Profit Forecast With $2.50 EPS

June 24, 2026
edit post
Murray N. Rothbard: Toward a “Science of Liberty”

Murray N. Rothbard: Toward a “Science of Liberty”

June 24, 2026
edit post
SPSM vs. VB: Which Small-Cap ETF Should You Buy Today?

SPSM vs. VB: Which Small-Cap ETF Should You Buy Today?

June 24, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Gaza reshaped New York’s Democratic primaries. Now the party has to figure out what that means.
  • CFTC Kentucky Lawsuit Extends Federal-State Fight Over Prediction Markets
  • Ten Years After 2016 Election, Money and Shadow Power Dominate
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.