2 years ago
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot beryllium stopped and that governments cannot conscionable confiscate the cryptocurrency. “It’s really comforting to cognize that bitcoin is there,” she said, citing concerns astir the nationalist indebtedness and inflation.
U.S. Senator: Bitcoin Is Something Governments Cannot Take
U.S. Senator Cynthia Lummis (R-WY) talked astir bitcoin successful an interview with Hard Money’s Natalie Brunell, published past week.
Discussing the merits of bitcoin, including however the cryptocurrency cannot beryllium stopped, the legislator from Wyoming said:
I emotion that it can’t beryllium stopped particularly due to the fact that I’m acrophobic astir our nationalist debt. I’m acrophobic astir inflation.
She continued: “I spot radical successful my location authorities of Wyoming that are going to nutrient banks present due to the fact that they request fuel, they request gasoline, to get to their jobs, and they person to take present betwixt high-priced gasoline and nutrient truthful they are going to nutrient banks for their food.”
The legislator further detailed: “So erstwhile we spot things that are inflationary, erstwhile we spot the worth of a dollar driblet erstwhile you spell to the market store and you travel retired with 1 sack of nutrient and utilized to for the aforesaid terms travel retired with two, we truly request to look astatine assets that are going to beryllium determination for the agelong term.” She noted:
That’s wherefore to maine it’s really comforting to cognize that bitcoin is there.
She further explained that successful immoderate countries wherever the authorities is unstable, it tin travel to instrumentality people’s homes and property. The legislator stressed:
Bitcoin is thing the authorities cannot take.
“For radical successful overseas countries that are surviving successful places that are precise insecure, that is decidedly a backstop and thing that they tin comfortably spell to furniture astatine nighttime and cognize it’s going to beryllium determination successful the morning,” the legislator opined.
The legislator from Wyoming introduced a crypto bill titled “Lummis-Gillibrand Responsible Financial Innovation Act” successful June with Senator Kirsten Gillibrand (D-NY).
Providing an update connected the bill, Lummis described, “this is simply a precise broad portion of legislation, astir apt excessively broad fixed the clip remaining successful 2022 for the measure to pass.” She added: “But what that does is springiness america much clip to get much input connected the bill, and we privation to clasp that. We privation radical to supply further input and ideas and thoughts.”
What bash you deliberation astir the comments by Senator Cynthia Lummis? Let america cognize successful the comments conception below.
English (US) 