Congressman Pete Sessions and Senator Cynthia Lummis, Bitcoin miningbelieves that ‘will play a pivotal role in rebuilding energy independence in the United States’.
Congressman Pete Sessions, representative of Texas’ 17th Congressional District, made a post in which he claims that Bitcoin will be a stimulus factor in rebuilding the energy independence of the United States. Among the supporters of his view was well-known Bitcoin investor Senator Cynthia Lummis.
US politician, Congressman Pete Sessions, who shares his views on the cryptocurrency industry. A few days ago, the 67-year-old Republican thinks that Bitcoin “aligns with American values and will strengthen the dollar.”
#Bitcoin Mining will play a critical role in rebuilding energy independence in the USA
— Pete Sessions (@PeteSessions) March 21, 2022
While some users commented that Bitcoin mining is a very harmful process for the world and that the US should avoid it, others accepted his concept. Not surprisingly, she garnered support from Senator Cynthia Lummis, who retweeted Session’s statement.
It is known that Lummis is already a supporter of crypto money. Having bought 5 BTC in 2013 when the price of a single coin was around 300, Lummis replenished its holdings with up to $100,000 in primary digital assets last summer.
In October 2021, Lummis expressed his concerns about rising inflation in the United States and shared his disappointment at how American authorities were unable to control the situation. However, the politician who believes that the collapse of the dollar after the financial crisis was not a fatal event thanks to the existence of cryptocurrencies:
“Exceeding the irresponsibility of governments, including ours. Bitcoin (BTC) and thank God for other digital currencies. This is part of our responsibility to address this looming, predictable, big issue.”
Crypto Continues to Thrive in Texas
Over the past few months, the “Lone Star State” has emerged as the crypto mining capital of the United States. This is partly due to lower electricity prices in the region, which allows miners to operate more cheaply, and the positive stance from local regulators and lawmakers. Texas mayor Steve Adler also played a constructive role in this regard.
Earlier this month, he proposed two initiatives to turn the city into a “global leader in the crypto space.” These are blockchain technology and Web3It promotes the benefits of . and adopts Bitcoin as a payment method.
Adler described the primary digital asset as a store of value that enhances security and enables instant transactions “across geographical and political borders.” Therefore, he thinks adopting BTC as a means of payment for council taxes, fees and penalties could be highly beneficial for Austin’s economic development.