Cynthia Lummis, United States senator from Wyoming

Cynthia Lummis, United States senator from Wyoming

Cynthia Lummis, a Republican senator from Wyoming, is one of the most ardent proponents of cryptocurrencies in Congress.
Metaverse Post » Cynthia Lummis, United States senator from Wyoming
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As one of the first well-known American politicians to have invested in bitcoin, Lummis is also a hodler. She originally purchased bitcoin in 2013 after receiving a tip from her son-in-law. Prior to her time in the Senate, Lummis held the positions of state treasurer and representative for Laramie County in the Wyoming House of Representatives. Later, in 2008, she was chosen to serve as a representative for Wyoming’s at-large congressional district in the U.S. House of Representatives.

In 2022


A comprehensive measure intended to give regulatory clarification on digital assets, including stablecoins, will be introduced in 2022, Senator Lummis announced plans to do so in late 2021. She allegedly also suggested setting up a body to supervise the cryptocurrency market that would fall under the joint authority of the Securities and Exchange Commission and the Commodity Futures Trading Commission.

In 2022, it is anticipated that Senator Lummis will continue to promote the expanding cryptocurrency market in the US and elsewhere. Her efforts to clarify the legal status of cryptocurrencies and stablecoins in the US will be crucial going forward.

While it is uncertain whether Senator Lummis’ 2021 Bitcoin purchases will result in a profit this year, since she purchased her first BTC in 2013, she has unquestionably enjoyed impressive returns on her earlier investments.

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