Home Blockchain Incoming Senator hopes to ‘bring Bitcoin into the national conversation’

Incoming Senator hopes to ‘bring Bitcoin into the national conversation’

- Advertisement -



In an interview with the ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis again voiced her support for the popularization of Bitcoin, going so far as to say that she does “hope to bring Bitcoin into the national conversation.” 

In a clip that has been widely circulating on Twitter, the soon-to-be-senator representing Wyoming — possibly the highest ranking US official to ever speak so glowingly of the digital currency — cited her experience as a former state treasurer for why she believes in Bitcoin’s future.

“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. Our own currency inflates; Bitcoin does not. It’s 21 million Bitcoin will be mined, and that’s it, it is a finite supply. So I have confidence that this will be an important player in store of value for a long time to come.”

The Senator also appeared to brush off GMA3 host Sara Haines’ implication that Bitcoin could be used for money laundering or tax evasion, choosing not to address these charges at all.

As Cointelegraph has previously reported, Lummis is an early adopter of Bitcoin, having first picked up the currency in 2013 following a tip from her son-in-law, Will Cole, who works at cryptocurrency services firm Unchained Capital. 

While some in Congress have tepidly embraced cryptocurrency, such as Florida representative Darren Soto, who accepted campaign contributions donated in cryptocurrency, few — if any — have been as vocal about their support as Lummis.

While many outlets have noted that Lummis is Wyoming’s first female representative to the Senate, many in the cryptocurrency world no doubt hope that she’ll be the first true representative for Bitcoin as well. 





Read orginal here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,551FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.20
GBP
1.33
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.77
AUD
0.74

Most Popular

Bitcoin theft is likely to surge in meager post-COVID economy: report

Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and anti-virus provider, Kaspersky...

GET Update Nov ’20 — The Home Stretch | by Olivier Biggs | GET Protocol | Nov, 2020

2021 is starting to look better and better. With a clear finish in sight for pandemic and subsequent lockdown regulations, we are gearing...

Golem Online Hackathon

DEVELOPERS, DEVELOPERS, DEVELOPERS! Announcing...
bitcoin
Bitcoin (BTC) $ 19,200.31
ethereum
Ethereum (ETH) $ 604.18
ripple
XRP (XRP) $ 0.642925
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 310.26
bitcoin-cash-sv
Bitcoin SV (BSV) $ 180.48
litecoin
Litecoin (LTC) $ 85.59
eos
EOS (EOS) $ 3.22
binancecoin
Binance Coin (BNB) $ 31.16
okb
OKB (OKB) $ 5.35
tezos
Tezos (XTZ) $ 2.47
leo-token
LEO Token (LEO) $ 1.34
cardano
Cardano (ADA) $ 0.169356
monero
Monero (XMR) $ 127.57
stellar
Stellar (XLM) $ 0.199039
chainlink
Chainlink (LINK) $ 14.08
huobi-token
Huobi Token (HT) $ 4.13
tron
TRON (TRX) $ 0.032335
usd-coin
USD Coin (USDC) $ 0.993098
dash
Dash (DASH) $ 115.42
neo
NEO (NEO) $ 18.46
iota
IOTA (MIOTA) $ 0.353286
nem
NEM (XEM) $ 0.181136
zcash
Zcash (ZEC) $ 77.88
maker
Maker (MKR) $ 571.15
paxos-standard
Paxos Standard (PAX) $ 0.994839
ethereum-classic
Ethereum Classic (ETC) $ 6.67
vechain
VeChain (VET) $ 0.015904
true-usd
TrueUSD (TUSD) $ 0.996254
ftx-token
FTX Token (FTT) $ 4.59
kucoin-shares
KuCoin Shares (KCS) $ 0.808407
waves
Waves (WAVES) $ 7.01