US Senator Cynthia Lummis says she loves that Bitcoin is unstoppable. Indeed, governments cannot simply confiscate cryptocurrency, she said. “It’s comforting to know that bitcoin is here,” she said, citing concerns about the national debt and inflation.
Governments can’t accept Bitcoin (BTC), says Senator
United States Senator Cynthia Lummis (R-WY) talked about Bitcoin in an interview with Hard Money’s Natalie Brunell. This is an interview published last week.
She especially talked about the fundamental values of Bitcoin (BTC). But not only that, she also discussed how the cryptocurrency is unstoppable. The Wyoming senator said, “I love that bitcoin is unstoppable. Mainly because our national debt worries me. I fear inflation.”
She continued that people in the state of Wyoming are now going to food banks. They go there to save money on the fuel they need to get to work. In fact, they have to choose between high-priced gasoline and their food needs. And with high fuel prices, they go to food banks for their food.
The senator clarified, “So when you see inflationary things, when you see the value of a dollar falling, when you go to the grocery store and walk out with a bag of food when before we were coming out with two bags. at the same price, we really need to look at assets that will be there for the long term, like bitcoin. »
She also explained that in some countries the government can take residences and property. The Senator pointed out:
“Bitcoin is something the government can’t take.”
“For people in foreign countries who live in very uncertain places, it’s definitely a safety net and something they can lay down comfortably at night and know it’s there. [Bitcoin] He will be there this morning,” said the Senator.
Encrypted Bill?
In June, Cynthia Lummis introduced a Bitcoin and crypto bill with Senator Kirsten Gillibrand (D-NY). This project is called the “Lummis-Gillibrand Responsible Financial Innovation Act”.
In giving an update on the bill, Lummis described it as a very comprehensive bill. She said, “that’s probably too much given the time left in 2022 to pass the bill.” She said: ‘But it gives us more time to get more input on the bill, and we want to pass it. We want people to contribute additional ideas, thoughts and ideas. »
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