Washington, D.C. – U.S. Senator Cynthia Lummis (R-WY) today praised the Trump administration for dismantling the Prince Group’s forced-labor and cyber-fraud network in Cambodia. The multinational business conglomerate held individuals against their will in compounds and engaged in digital asset investment fraud schemes that stole billions of dollars from victims in the United States and around the world.
“This is a victory for human rights, financial integrity, and American leadership,” said Lummis. “The seizure of 127,000 bitcoin underscores two urgent priorities for Congress: first, passing clear digital asset market structure legislation to ensure law enforcement can act decisively against bad actors while protecting innovation; and second, codifying how seized bitcoin is stored, returned to victims, and safeguarded for future generations. Turning criminal proceeds into assets that strengthen America’s Strategic Bitcoin Reserve shows how sound policy can turn wrongdoing into lasting national value.”
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