Showing posts with label senate. Show all posts
Showing posts with label senate. Show all posts

Following the Election, Crypto Gets A New Ally Inside The US Senate...

Senate cryptocurrency bitcoin

Incoming senator Cynthia Lummis of Wyoming, a Republican, is set to take office January 3, 2021 - and she has some thoughts on Bitcoin.

During her time in the Wyoming House of Representatives, Lummis promoted bills that would encourage the development and advances in Bitcoin within the state - she's now ready to take this position nationally.

"I do hope to bring bitcoin into the national conversation. I’m a former state treasurer, and I invested our state’s permanent funds. So I was always looking for a good store of value, and bitcoin fits that bill." she said.

Cynthia Lummis Celebrates Her Victory.
Cynthia Lummis Celebrates Her Victory...

She then impressively citied advantages over the current monetary system stating "Our own currency inflates; bitcoin does not. 21 million bitcoin will be mined, and that’s it. It’s a finite supply, so I have confidence that this is going to be an important player in stores of value for a long time to come."

Lummis is known in the political arena as the first senator to publicly acknowledge owning bitcoin, and has been HODLing since she bought some in 2013.

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Author: Justin Derbek
New York News Desk