US Senator Cynthia Lummis stated that as a solution to the inflationary process in the world, Bitcoin (BTC) is a savior and the cryptocurrency will not be stopped.
US Senator from Wyoming Cynthia Lummis suggested that Bitcoin is one of the most valuable tools that offers an alternative solution to the global crisis. Making the aforementioned statements in an interview with investigative journalist Natalie Brunell, the senator said: Bitcoin cannot be stopped by expressing rising national debt and inflation then the dollar will fall into to the devaluation spiral underlined that he offered an alternative.
In his interview, Lummis made the following statements, stating that it is really comforting to know that Bitcoin is there:
I like that Bitcoin cannot be stopped. I’m particularly worried about our national debt, I’m worried about rapidly increasing inflation. In my home state of Wyoming, people have to choose between high-priced gasoline and high-priced food. There are things that cause inflation. It’s really comforting to know that Bitcoin is out there.
Lummis is among the leading Bitcoin advocates pushing for industry adoption. About 9 months ago, the Senator submitted a comprehensive crypto regulation bill to regulate the US crypto industry. Continuing his insistent stance on Bitcoin, Lummis made the following statements in the continuation of his interview:
We believe that Bitcoin allows us to innovate and that it provides a regulatory framework. Therefore, we will be resistant to those who want to suppress this technology from the US Senate and House of Representatives. We see that some US regulators are really afraid of Bitcoin because of its uncontrolled nature.
It is known that Lummis has continued to invest in crypto money since the Bitcoin price was $ 320. The Senator still continues to buy Bitcoin on a more regular basis.