The first-ever woman Senator elected from Wyoming, Cynthia Lummis, said she plans to discuss Bitcoin with other senators to educate the politicians about digital assets. Wyoming senator expressed her views during a podcast with ‘What Bitcoin Did,’ she added that crypto education is necessary to help the adoption of cryptocurrencies. Lummis will assume her position in the senate office on 3 January 2021. She appreciated the role of Wyoming State in developing a regulatory framework for digital assets.
“Wyoming has become the leader in policy toward BTC.”
Cynthia Lummis stated, “In my opinion, it should not surprise anyone that Wyoming has become the leader in policy toward BTC and creating state policies that have nurtured our ability to actually charter banks that can transact banking business in Bitcoin.” The newly-elected Wyoming Senator mentioned that there is fear among people regarding Bitcoin’s sovereignty, but crypto education can help them understand the difference between fiat and cryptocurrencies. She also criticized the role of the Government in money printing and added that inflation had been a big issue for the US Dollar in recent days.
“Bitcoin provides a more stable value.”
The newly-selected Senator noted, “Inflation is terribly frustrating for the people to see their savings decrease in value, but that is not 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 a fixed income or approaching fixed income now, she added. Lummis also revealed that Bitcoin supporter, Tyler Lindholm, a member of the Wyoming House of Representatives, will be joining her team as a Policy Director.