In a recent interview with ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis once again expressed her support for the popularization of Bitcoin. In the said interview she stated :
“I Do Hope To Bring Bitcoin Into The National Conversation. I’m a former state treasurer and I invested our state’s permanent funds, so I was always looking for a good store of value, and Bitcoin fits that bill. Our own currency inflates; Bitcoin does not. It’s 21 million Bitcoin will be mined, and that’s it, it is a finite supply. So I have confidence that this will be an important player in store of value for a long time to come.”
She dismissed GMA3 host Sara Haines’ remarks on Bitcoin being an instrument that can be used for illegal activities like money laundering and tax evasion.
Lummis is the soon-to-be-senator representing Wyoming and the highest-ranking US official to support digital currency. She is one of the early adopters of Bitcoin with her first purchase of the digital asset in 2013. This is after heeding a tip from her son-in-law who works at cryptocurrency services firm Unchained Capital.
Recently, Wyoming regulators have approved Kraken, the first crypto bank in the United States. Also, the Wyoming State Banking Board granted a bank charter for crypto-friendly Avanti Bank & Trust.
While some high ranking US officials were indifferent towards Bitcoin and other cryptocurrencies, there remains a few who were very vocal in supporting it like Lummis.
Lummis is Wyoming’s first female representative to the Senate and an advocate of Bitcoin. Will cryptocurrencies finally find a true ally in Lummis? A lot of people in the crypto world believe she will be the first true representative of Bitcoin.