U.S. Senator from Wyoming Cynthia Lummis Invites Bitcoin Miners
Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming – Cynthia Lummis – has recently invited Bitcoin miners. The Senator tweeted: “If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming”.
PS – If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming. https://t.co/OUPAEYTXTG
— Cynthia Lummis 🦬 (@CynthiaMLummis) July 3, 2021
The Senator’s tweet arrived later on Friday, July 2. Cynthia Lummis has been recently vocal about her support for Bitcoin and the overall crypto space. Last week, Lummis urged people to buy Bitcoin and save it as part of the retirement plan.
Lummis has been open in her views saying that BTC allows investors to diversify their assets amid concerns of the declining value of the U.S. Dollar. In a series of tweets, the Wyoming Senator said;
“I believe USD should and will continue to be the world’s reserve currency. BUT spending like drunken sailors is not serving the American people, or the value of USD, well.
I believe financial innovation offers an egalitarian opportunity for hardworking Americans to store the value generated by the sweat of their brows. Preservation of capital should not be reserved for the wealthy will Wall Street connections. Government shouldn’t be able to debase your ‘store of value’.
Senator Lummis – Retirement Funds Should Have exposure to BTC
The Wyoming Senator revealed that she has already purchased $100,000 worth of BTC and would continue to buy more and save. Lummis also expressed her views about how retirements funds should have exposure to BTC. In an interview with CNBC’s Ylan Mui, the Wyoming Senator said:
“I would like to see cryptocurrency, like Bitcoin, become part of a diversified asset allocation that are used in retirement funds and other opportunities for people to save for the future. So whether you’re an employee that has a retirement fund – I’d like to see those retirement funds invested in bitcoin and other cryptocurrencies that are good stores of value”.
Besides, Lummis also advocated the use of crypto in daily life.
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
