Senator Lummis wants to educate politicians about BTC

Cynthia Lummis, the first U.S. Senator to own Bitcoins, will launch a Financial Innovation Caucus. The goal: To educate politicians in the Senate about [...] https://www.pinterest.com/pin/1085437947660215829/

Cynthia Lummis, the first U.S. Senator to own Bitcoins, will launch a Financial Innovation Caucus. The goal: To educate politicians in the Senate about Bitcoin and crypto assets. Cynthia Lummis wants to educate about cryptocurrencies In Anthony Pompliano's podcast, Lummis announced her intention to establish a Financial Innovation Caucus. - We hope to use this as a springboard to educate members of the U.S. Senate and their staff about Bitcoin, but also other opportunities for cryptocurrencies and financial innovation and blockchain, she said. The senator said she wants to address combating the false narrative about digital assets and cryptocurrencies. As she stressed, it is not true that these are used for money laundering, as proven by research conducted by Chainalysis. The company's reports indicate that "cryptocurrency-related crime is lower than criminal activity involving cash." Let's not be afraid of Yellen! Lummis also noted that she recently spoke with Treasury Secretary Janet Yellen. She tried to quell the cryptocurrency community's concerns about Yellen. She describes the new Treasury Secretary as having an "open mind" about cryptocurrencies. - It's going to take a lot of work to get to a place where we can have an open dialogue, free from the clutter of a knee-jerk reaction to concerns that all cryptocurrencies are subject to criminal activity, she added after a moment, however. Recall that Senator Lummis bought her first Bitcoins in 2013. Since then, she has been advertising the utility of BTC as a means of storing value. She compared Bitcoin to a mutual fund. I was state treasurer in Wyoming in the first half of the 21st century, so I was always looking for a place to store any value. We have permanent funds in Wyoming that are based on getting minerals and oil and gas out of the ground. We collect a tax [...] on minerals and invest it in a permanent fund. The concept of this permanent mineral trust fund is that we will still have income after the minerals are gone because we have invested the proceeds and continued to invest them in a diversified asset allocation [...] Bitcoin reminded me of our fund," she added. Tags btc lummis senate