Timing is critical. The sale occurred shortly after President Donald Trump’s executive order directed that seized Bitcoin be added to the U.S. Strategic Bitcoin Reserve. This move has created both political and structural risk concerns.

Sale Conflicts With Executive Order

The U.S. Marshals Service (USMS) sold 57.55 BTC, valued at roughly $6.3 million, under DOJ instructions. These coins came from Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill as part of their plea agreements.

Senator Lummis sees the sale as a principle issue. She argues that the executive branch has ignored its own framework. Lummis commented:

“We can’t squander these strategic assets while other nations accumulate Bitcoin. This report deeply concerns me.”

She claims the action may violate Executive Order 14233, which requires Bitcoin obtained through forfeiture to be held in the Strategic Reserve rather than sold.

On-Chain Data Supports the Sale

The most revealing evidence comes from blockchain activity. According to Arkham data, on November 3, 2025, approximately $6.36 million in Bitcoin moved from Rodriguez and Hill’s addresses to the USMS wallet 3Lz5U.

The Bitcoin was then transferred to Coinbase Prime Deposit (1AaFQ), linked to Coinbase Prime. The address now shows a zero balance, indicating the assets were likely sold.

While technically a transfer, this movement is the key point in the strategic reserve debate.

White House Review Underway

The issue extends beyond Congress. Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, confirmed that the Trump administration is investigating the possible violation. This raises questions about whether the DOJ has conducted similar sales elsewhere.

Lummis warns the risk is broader. Some countries, notably China, hold seized Bitcoin rather than selling it. She argues that the U.S. risks losing strategic ground in this global race.

Why It Matters

This event shows Bitcoin still lacks a clear role in the U.S. The debate is not only legal but also about institutional consistency. Selling assets while a presidential order is active undermines the Strategic Reserve message.

Uncertainty remains. How the review unfolds will influence both Bitcoin pricing and U.S. digital asset policy in the months ahead.

The post Bitcoin Sale Sparks Crisis: Lummis Slams DOJ Decision appeared first on Coin Engineer.

Trump Targets Fed Chair Powell

Donald Trump once again targeted Federal Reserve Chair Jerome Powell. He said Powell was acting like a “stubborn mule” regarding interest rate cuts. Claiming Powell is damaging the economy, Trump argued that borrowing costs have risen and accused Powell of making decisions that are “not in the country’s interest.” 

“I would very much like Fed Chair Powell to resign,” Trump stated. 

Additionally, Trump expressed his frustration by saying, “I think we should be paying 1% right now, but we’re paying more because I believe we have a man suffering from Trump Derangement Syndrome.” He defended rate cuts as a way to stimulate growth and called Powell “a fool.” 

Trump’s Crypto Comments

While continuing his criticism of Powell, Trump also touched on Bitcoin and cryptocurrencies. The President stated, “Bitcoin eases the pressure on the dollar.” He expressed his interest in the crypto world by saying, “Crypto is a very fun thing,” suggesting he is exploring alternatives to traditional monetary policies. 

Fed’s Cautious Approach Conflicts with Trump

Trump believes quickly lowering interest rates would accelerate economic recovery. On the other hand, Powell is more cautious. Highlighting the risk of inflation, Powell warned that premature rate cuts could lead to long-term economic imbalances. 

The Fed made several rate cuts last year, but has since adopted a “wait and see” policy. Moreover, Powell emphasized that the labor market remains strong, and thus, hasty decisions could be risky. Trump has increased pressure for rate cuts, especially with new tax reduction packages and rising government spending. He argues that lower interest rates would make it easier to finance government debt. 

Powell’s term ends in May 2026. Trump mentioned he is considering potential replacements, including former Fed Governor Kevin Warsh. Trump aims to appoint someone who will “stimulate growth” as the new Fed Chair. 

Trump has supporters as well. Businessman Grant Cardone posted on social media: 

“Fed Chair Jerome Powell should resign today! There is no inflation, and he is punishing the American middle class with high mortgage rates.” 

Trump also addressed trade policies. He said he believes all trade barriers with India will be lifted, adding, “The real problem is Powell not lowering interest rates.” He also made new tariff announcements regarding China and Canada. 

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The post Trump: Powell Must Go, Bitcoin Eases Pressure on the Dollar  appeared first on Coin Engineer.