United States Senator Lummis Advocates for Bitcoin as Reserve Currency
In a recent TV interview with Fox Business on July 12, Senator Cynthia Lummis expressed her support for Bitcoin as a reserve currency to bolster the strength of the U.S. dollar.
Importance of Independent Cryptocurrency Wallets
Lummis emphasized the significance of utilizing independent cryptocurrency wallets and raised concerns about central bank digital currencies (CBDCs) due to potential surveillance of individuals.
- Lummis highlighted the need for individuals to have sovereign control over their funds by maintaining private Bitcoin wallets.
Senator Lummis Challenges Department of Justice
Senator Lummis criticized the Department of Justice (DOJ) in response to its handling of self-custody wallets, particularly in cases involving crypto mixers Tornado Cash and Samourai Wallet.
- Lummis condemned the DOJ’s aggressive stance on non-custodial software, which she believes threatens individual property rights and contradicts established Treasury guidelines.
- She expressed her commitment to advocating for the rights of individuals to control their own keys and operate their nodes.
Senator Cynthia Lummis: A Brief Background
Born in 1954, Cynthia Lummis has a distinguished political career, having served as a member of the U.S. House of Representatives from Wyoming’s at-large district and currently as a senator since 2021.
- Lummis is recognized for her pro-cryptocurrency stance and advocacy for preserving individual financial autonomy.
Hot Take: Bitcoin as a Tool for Financial Empowerment
In a landscape where financial autonomy is increasingly threatened, Senator Lummis’ advocacy for Bitcoin as a reserve currency and defense of private wallets signal a commitment to safeguarding individual liberties in the digital age.
Sources:
– https://x.com/RhinoBTCapp/status/1811751396925989137
By
By
By
By