Bitcoin Is “Freedom Money” and “Lifeline for Americans,” Says U.S. Senator Cynthia Lummis
Main Idea
U.S. Senator Cynthia Lummis advocates for Bitcoin as 'freedom money' and a stable store of value, promoting crypto-friendly policies in Congress.
Key Points
1. Senator Lummis describes Bitcoin as 'freedom money,' highlighting its fixed supply of 21 million and independence from central banks.
2. She emphasizes Bitcoin's role as a financial shelter during economic turbulence.
3. Lummis is pushing for crypto-friendly policies, including a de minimis exception for purchases under $300 and the BITCOIN Act to mandate U.S. government acquisition of up to 1 million BTC over five years.
4. Bitcoin was trading around $116,609 at the time of her comments, with over $104 billion traded in 24 hours.
5. The upcoming White House crypto policy report, due July 30, is expected to address these issues.
Description
The post Bitcoin Is “Freedom Money” and “Lifeline for Americans,” Says U.S. Senator Cynthia Lummis appeared first on Coinpedia Fintech News U.S. Senator Cynthia Lummis has called Bitcoin “freedom money,” praising it as a hedge against inflation and a tool for financial independence. Her remarks come amid growing interest in Bitcoin as a stable store of value, especially during times of economic turbulence. Bitcoin as a Lifeline in Tough Times Appearing on Fox Business , Senator Lummis explained ...
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