Senator Cynthia Lummis Says Bitcoin Could Save the US Dollar
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Cynthia Lummis says holding Bitcoin in government reserves will ground the US dollar against geopolitical tensions.
Lummis opposes CBDCs and advocates for self-custody of Bitcoin to ensure financial freedom and sovereignty for Americans.
The CFTC classified Bitcoin and Ethereum as commodities that desperately need clear regulatory frameworks to protect investors.
US Senator Cynthia Lummis recently spoke in an interview about how Bitcoin could help the US dollar and stop it from crashing. She believes that having Bitcoin in the government’s reserves could help keep the dollar strong, especially as other countries try to weaken it. Lummis said:
“Having Bitcoin in reserve can help the US dollar remain strong.”
Cynthia is a known supporter of Bitcoin. After the interview, she went on Twitter to outline her agenda.
Bitcoin and digital assets are the future. Here’s my agenda:
No retail Central Bank Digital CurrenciesClear protections for self-custody Bitcoin walletsRestore Dollar Dominance for the 21st Century
pic.twitter.com/yEy9tcxU5b
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