I Like That The Government Can’t Touch Bitcoin – US Senator

US Senator Cynthia LummisHe said he likes the fact that Bitcoin cannot be stopped and that governments cannot simply seize cryptocurrency. Expressing concerns about the debt situation and inflation in the country, Lummis has caught the attention of the crypto community, explaining that “It is really comforting to know that Bitcoin is out there.”

US Senator Cynthia Lummis (R-WY) had a conversation about her views on Bitcoin in an interview with Natalie Brunell published last week on the Hard Money channel.

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Wyoming Senator, cryptocurrency Discussing the foundation of Bitcoin, including how the currency unit cannot be stopped, he noted:

“I like that it can’t be stopped, especially as I have concerns about our national debt. I’m worried about inflation.

In my home state of Wyoming, I see people going to food banks now because they need gas to go to work, and they have to choose between high-priced gas and food, so they flock to the banks for food costs.”

Koinfinans.com As we reported, the senator further elaborated on his views on the matter: “So when you are in an inflationary environment, when we see the value of a dollar go down when you go to the grocery store, and we buy the same things twice as much, we need to plan even more carefully for what will happen in the medium and long term.”

According to the senator, the government is indeed unstable in some states of the USA, and as a result, people may even be displaced from their homes and homes. Bitcoin is something the government cannot control in this equation. In foreign countries that live in very insecure places, Bitcoin is definitely a mainstay and an asset they can sleep in at night and know it will be there in the morning.

The senator from Wyoming presented and came up with a crypto bill titled “Lummis-Gillibrand Responsible Financial Innovation Act” with Senator Kirsten Gillibrand (D-NY) in June.

Providing an update on the bill, Lummis said, “This is a very comprehensive piece of legislation, probably very comprehensive given the time left for the bill to pass in 2022.” “But it gives us more time to get more input on the proposal and we want to embrace that. We want people to provide additional input and ideas and thoughts.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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