April 5, 2022

US Senator Says, "Bitcoin Will Become A Currency Soon"

US Senator Lummis strongly believes that Bitcoin will soon become the next or alternative currency. With the help of cyberspace and networks, bitcoin will transform from "commodity" to currency "really fast."

Recently, in an interview with MSNBC’s Chuck Todd, Cynthia stated that she owns five bitcoins. The last 2 bitcoins were owned by Pat Toomey and Ted Cruz. The other 3 were bought years ago for $330.

She made a commodity comparison, as if she, too, owned a cow! Cows are commodities, and you can’t ban them. It is the same with bitcoin.

Cynthia highlighted the status of bitcoin and regulatory relationships under the new bill.

The Commodities and Futures Trading Commission (CFTC) will consider bitcoin as a commodity, and the Securities and Exchange Commission (SEC) will regulate bitcoin companies.

The Federal Deposit Insurance Commission (FDIC) would prefer stablecoins where bank-to-consumer operations can be adopted.

Do you support Bitcoin as the next currency? Share your opinion with us!