Cynthia Lummis, a US senator from Wyoming, has become the first member of Congress to purchase Bitcoin. She invested $100,000 of her own money in the cryptocurrency. Lummis has been a long-time advocate of Bitcoin and blockchain technology. She believes that Bitcoin will play a major role in the future of finance. Lummis is one of a growing number of politicians who are taking an interest in cryptocurrencies. cynthia lummis congress 100k coindesk
In Cynthia Lummis’ view, if members of the U.S. Congress were paid in Bitcoin, it would go a long way toward increasing adoption of the cryptocurrency. cynthia lummis congress 100k coindesk
Lummis, who is a Republican senator from Wyoming, made her case for why this would work in an interview with CoinDesk’s Leigh Cuen.
“I think it would make them more careful about the kinds of money they spend and how they spend it,” Lummis said.
In February, Wyoming Republican Representative Cynthia Lummis said she had purchased $100,000 in Bitcoin. This made her the first US lawmaker to openly invest in cryptocurrency. Lummis is a strong advocate for Bitcoin and has been working on legislation to remove barriers to its adoption. She believes that Bitcoin will play a major role in the future of finance and wants the US to be a leader in this space.
