It turned out that Republican senator Cynthia Lummis, known for her support of Bitcoin and cryptocurrencies, invested between $ 50,001-100,000 in Bitcoin.
According to the STOCK law passed in 2012, senators with a certain amount of income are required to disclose their financial transactions within 45 days.
Senator Lummis, in his latest statement, announced that he last bought at least $ 50,001 in Bitcoin on August 16 through the River Financial platform.
A spokesperson at Lummis’s office continued, stating that there was a “filing error” in the delayed notification, made after the 45-day statutory deadline:
When we noticed the delay, we worked with the Ethics committee to fix it. It was an honest mistake and the problem was resolved with impunity.
In an interview at the end of June; Lummis, who became one of the darkest supporters of the crypto industry after hearing the word Bitcoin for the first time in 2013 from his daughter and son-in-law, said that he made his first Bitcoin purchase at $ 330 and that he had 5 Bitcoins.
Senator Lummis has experienced Bitcoin notification scrutiny before. Because Lummis did not include Bitcoin in his statement in April, and later changed his statement by saying that he had Bitcoin between $100,000 and $250,000.