What is the probability that one day bitcoin (BTC) will rule the world? Crypto markets are picking up and bitcoin is getting more and more supporters. After the surprise of Warren Buffett who has shares in banks operating in the crypto sector, another American personality surprises the cryptosphere. No less than Senator Cynthia Lummis…
When bitcoin enters the US Congress
Bitcoin is the main enemy of the US Congress. For several months, its members are constantly looking for ways to eradicate it. However, despite their repeated efforts and accusations, BTC seems to be on track for highs.
Although the crypto major lost almost 70% of its value during the crypto winter, the current recovery is bringing the indicators back to green. If we already know that many personalities support the biggest cryptocurrency, the exit of the senator of the State of Wyoming, Cynthia Lummis, surprises more than any.
Indeed, she acknowledgment be a HODLer and think that bitcoin will continue its uptrend. His pro-crypto supporters could cast doubt among his supporters. While some believe it does so to support financial innovation, others tend to believe it does so purely for selfish reasons.
In fact, the senator bought her first cryptos in 2013, but she won’t be the “Crypto Queen” until 2020. In addition, her initiative comes at the time she is elected as a United States Senator. So coincidence or strategic choice?
Lummis, regarding the massive adoption of cryptocurrencies?
The explosion of cryptocurrencies has shed new light on this sector. Although promising, cryptos were scary at first since the whole concept was unknown. Today, more than ten years after the creation of digital assets, members of the US Congress are still insisting on the insecurity of bitcoin and other assets to boycott them.
Given the Democrats’ position on BTC, Senator Lummis’ bill is encouraging. According to the latter, she wants to introduce technology to her older colleagues. Therefore, everyone should be able to invest in cryptocurrencies.
Therefore, Cynthia Lummis believes that her project will define the category of digital assets as well as the agency that should regulate them. Its pro-crypto craze is certainly a way to appeal to people to invest in digital assets.
However, regulation to protect the public from fraudulent projects would be welcome. We see in her words that she knows what she is talking about and that she already has her own idea to achieve her goals.
The position taken by Senator Lummis regarding bitcoin raises doubts in people’s minds. Although investors are happy with this news, some people are still skeptical. What’s the point, does he really do it for financial innovation or simply to boost an industry he supports? Be that as it may, she takes her status as HODLOR and talk about it for free.
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The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and express an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.