Bitcoiner Cynthia Lummis has been elected to the United States Senate. She has revealed that one of her priorities is to explain to her colleagues in Congress that bitcoin is “ a great store of value. ”
Cynthia Lummis plans to convince Congress that Bitcoin has a large store of value
Cynthia Lummis has been chosen to represent the state of Wyoming in the United States Senate and make history as the first woman to do so. Previously, she served in the U.S. House of Representatives for eight years as a Conservative Republican in Wyoming.
In an interview with Fox News on Tuesday, Lummis was asked, “What are you planning to do? What are your top priorities? She explained that she plans to “work on several issues, including things to try to reduce us [national] debt and our deficit. The elected senator explained:
I also plan to explain to my colleagues about bitcoin. I know not much is known about bitcoin, especially in Congress. So I want to make sure everyone understands that this is a great store of value.
“It’s something that Americans can use to diversify their assets and make sure they have non-inflation-free assets like the US dollar,” Lummis said.
Lummis was the first to buy her BTC in 2013 and she is now a hodler. “I noticed how innovative bitcoin is with its decentralized ledger and fixed supply,” she said earlier said. “Bitcoin has shown great promise to me and can rise as a viable alternative store of value to the US dollar, at both an institutional and a personal level.”
Recently, there was an initiative to educate members of Congress about cryptocurrency. The “Crypto for Congress” Initiative, launched in October by the Chamber of Digital Commerce, provided a $ 50 bitcoin contribution to all 535 members of Congress. The goal was to expand “the use and acceptance of cryptocurrencies among congressional candidates, elected leaders and engaged citizens,” the chamber said.
Do you think Cynthia Lummis will be able to inform Congress about bitcoin? Let us know in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Cynthia Lummis
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