{"id":61219,"date":"2025-10-16T07:49:39","date_gmt":"2025-10-16T07:49:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pro-bitcoin-senator-lummis-applauds-u-s-bitcoin-seizure-as-crypto-policy-milestone\/"},"modified":"2025-10-16T07:49:39","modified_gmt":"2025-10-16T07:49:39","slug":"pro-bitcoin-senator-lummis-applauds-u-s-bitcoin-seizure-as-crypto-policy-milestone","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pro-bitcoin-senator-lummis-applauds-u-s-bitcoin-seizure-as-crypto-policy-milestone\/","title":{"rendered":"Pro Bitcoin Senator Lummis Applauds U.S. Bitcoin Seizure as Crypto Policy Milestone"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>U.S. Senator Cynthia Lummis (R-WY) has hailed the federal seizure of over 127,000 <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">bitcoin<\/a> linked to the Prince Group as a landmark victory for both financial integrity and digital asset reform. The operation, which dismantled a forced-labor and cyber-fraud network in Cambodia, represents one of the largest crypto confiscations in U.S. history \u2014 with assets worth more than $14 billion.<\/p>\n<hr\/>\n<p><strong><em>Good to Know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>127,271 bitcoin seized from the Prince Group\u2019s alleged global fraud network<\/em><\/strong><\/li>\n<li><strong><em>The haul is valued at more than $14 billion, one of the largest crypto seizures ever<\/em><\/strong><\/li>\n<li><strong><em>Lummis urges Congress to pass clear digital asset market structure laws<\/em><\/strong><\/li>\n<\/ul>\n<hr\/>\n<h2>Lummis Calls for Action on Digital Asset Oversight<\/h2>\n<p>Senator Lummis praised law enforcement for their cross-border efforts and called the event a \u201cturning point for responsible crypto governance.\u201d She said the operation demonstrates the potential to convert seized digital assets into a strategic national reserve.<\/p>\n<p><em>\u201cThis is a victory for human rights, financial integrity, and American leadership,\u201d<\/em> said Lummis.<\/p>\n<p>The senator emphasized two priorities for Congress: enacting clear legislation to empower law enforcement while safeguarding innovation, and creating legal standards for how seized bitcoin is stored, managed, and returned to victims.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cTurning criminal proceeds into assets that strengthen America\u2019s Strategic Bitcoin Reserve shows how sound policy can turn wrongdoing into lasting national value,\u201d<\/em> she added.<\/p>\n<p>Her remarks highlight a growing movement in Washington to merge crypto oversight with national economic and security strategy.<\/p>\n<h2>The Prince Group Case<\/h2>\n<p>Federal prosecutors have charged Chen Zhi, chairman of the Prince Group, with wire fraud and money laundering tied to a vast \u201c<a href=\"https:\/\/igaming.org\/crypto\/pig-butchering-crypto-scam-is-dangerously-advancing\/\">pig-butchering<\/a>\u201d crypto scam. Authorities allege the network relied on forced labor and cyber fraud schemes that defrauded victims across multiple countries.<\/p>\n<p>The U.S. Justice Department confirmed that the seized bitcoin came from wallets controlled by the group\u2019s operatives. Analysts say the case showcases how digital assets can be both a tool for criminal abuse and a means to recover billions in value through international cooperation.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>A Shift Toward Structured Crypto Governance<\/h2>\n<p>Supporters of Lummis\u2019 stance believe the case reinforces the urgency for comprehensive digital asset regulation. They argue that structured oversight can curb exploitation, ensure transparency in crypto investigations, and solidify America\u2019s role in shaping global financial standards.<\/p>\n<h2>FAQ<\/h2>\n<h3>What was the Prince Group accused of?<\/h3>\n<p>The Prince Group was accused of running forced-labor compounds and orchestrating large-scale crypto fraud schemes across several countries.<\/p>\n<h3>Who led the investigation and seizure?<\/h3>\n<p>The U.S. Department of Justice and international law enforcement agencies led the operation that resulted in the seizure of 127,000 bitcoin.<\/p>\n<h3>Why is the case considered important for crypto regulation?<\/h3>\n<p>It underscores both the misuse of digital assets in fraud and the potential for seized crypto to strengthen the proposed U.S. Strategic Bitcoin Reserve.<\/p>\n<h3>What legislation is Senator Lummis advocating for?<\/h3>\n<p>She supports comprehensive digital asset market structure laws that balance enforcement authority with innovation protection.<\/p>\n<h3>How much is the seized bitcoin worth?<\/h3>\n<p>At the time of seizure, the bitcoin was valued at more than $14 billion, making it one of the largest confiscations in crypto history.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/u-s-seizure-of-127000-bitcoin-a-turning-point-in-crypto-oversight\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) U.S. Senator Cynthia Lummis (R-WY) has hailed the federal seizure of over 127,000 bitcoin linked to the Prince Group as a landmark victory for both financial integrity and digital asset reform. The operation, which dismantled a forced-labor and cyber-fraud network in Cambodia, represents one of the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":47203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61219"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61219"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47203"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}