Cynthia Lummis, the first US Senator to own Bitcoin, will launch Financial Innovation Caucus. Objective? Educating politicians in the Senate about Bitcoin and crypto assets.
Cynthia Lummis wants to educate in the subject of cryptocurrencies
IN podcast Anthony Pompliano Lummis announced its intention to establish the Financial Innovation Caucus.
– We hope to use this as a springboard to educate US Senate members and their employees about Bitcoin, but also other opportunities for cryptocurrencies, financial innovation and blockchain – she said.
The senator said she wanted to tackle the false narrative about digital assets and cryptocurrencies. As she emphasized, it is not true that these are used for money laundering, as proven by studies conducted by Chainalysis. The company’s reports indicate that “Cryptocurrency crime is less than cash-based crime.”
Let’s not be afraid, Yellen!
Lummis also noted that she had recently spoken with Treasury Secretary Janet Yellen. She tried to quell the cryptocurrency community’s fears about Yellen. He describes the new treasury secretary as having one “open mind” in the matter of cryptocurrencies.
– It will take a lot of work to get to a place where we can have an open dialogue, free from the clutter of a reflexive response to concerns that all cryptocurrencies are subject to criminal activity She added after a moment.
Let us recall that Senator Lummis bought the first Bitcoins in 2013. It has since advertised the utility of BTC as a means of storing value. She compared Bitcoin to a trust fund.
I was a Wyoming state treasurer in the first half of the 21st century, so I was always looking for a place to store any value. We have standing funds in Wyoming that extract minerals, oil and gas from the ground. We collect tax […] from minerals and we invest it in a permanent fund. The concept of this permanent mineral trust is that after the minerals have disappeared, we will still have income as we have invested the proceeds and continued to invest in diversified asset allocation […] Bitcoin reminded me of our fund – she added.