Bitcoin An ‘Important Part’ Of Our Economy, US Senator Says

The potential of the cryptocurrency industry to boost the US economy has been recently noted by US Senator Cynthia Lummis, who also emphasized the significance of seizing and utilizing these new opportunities.

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Senator Lummis’ Crypto Advocacy

In collaboration with Senator Kirsten Gillibrand and other colleagues, Lummis has played a key role in forming a financial innovation caucus and developing a regulatory framework for the rapidly expanding crypto sector.

Lummis has been a proponent of cryptocurrencies for a long time and has often informed Congress on the importance of digital currencies.

She highlighted Bitcoin’s utility both as an investment and a payment method, noting its increasing acceptance, particularly in the face of global inflation concerns.

Reflecting on her time in the Senate, Lummis remarked on the progress made in understanding digital assets since she arrived. Initially, many Senate members lacked a clear understanding of digital assets, and Lummis has worked diligently to educate them about the distinctions between Bitcoin and other cryptocurrencies.