News

Let Bitcoin “run fee”, says Senator Cynthia Lummis

Saudu Clement
Saudu Clement

Senator-elect for Wyoming, Cynthia Lummis, has reiterated her bullish stance on bitcoin during a recent podcast appearance – What Bitcoin Did. Lummis who became the first woman to represent Wyoming in the U.S. Senate hopes to makes Bitcoin more visible in the government scenes. She strongly believes that digital assets should be allowed to “run free” and work alongside traditional currencies.

Lummis will be sworn into the Senate on January 3. She plans to dedicate her time to educate other senators on the potentials of Bitcoin and how it can operate alongside the dollar. According to the senator-elect, Bitcoin could help the nation reduce its national debt while ameliorating the dollar’s buying power. Speaking to the podcast host, Peter McCormack, Lummis said:

In the case of U.S. currency, inflation is baked into the Federal Reserve's plan for the U.S. dollar. So it’s no wonder that our buying power is eroded […] That will not be the case with Bitcoin. Bitcoin provides a more stable value to people who are either saving now to live comfortably in the future but also people who are on fixed income or approaching fixed income now.

As reported by BTC PEERS in early November, Lummis is one of the biggest Bitcoin advocates in the Senate. She has been a long-time holder of the digital asset after purchasing it back in 2013.