Sen. Lummis Discloses Bitcoin Purchase Worth up to $100,000Epoch Times, United States politics | The Epoch Times

Sen. Cynthia Lummis (R-Wyo.) has disclosed that she purchased up to $100,000 worth of Bitcoin just weeks after Senators sought to make adjustments to the bipartisan infrastructure package’s cryptocurrency reporting rules. According to a Periodic Transaction Report filed Oct. 7, Lummis purchased $50,001-$100,000 in the digital currency on Aug. 16, from River Financial, a bitcoin exchange platform. The Republican senator has been a longtime supporter of bitcoin, and previously told CNBC in June that she made her first bitcoin purchase in 2013 for $330 per token, adding that she owned five bitcoins as of the end of the month. Lummis told CNBC Financial Advisor Summit that she’d “like to see cryptocurrency, like bitcoin, become part of a diversified asset allocation that are used in retirement funds and other opportunities for people to save for the future.” The senator has also said she would like to see stablecoins fully backed by cash and cash equivalents and regulated. Stablecoins are a new …Read More

Leave a Reply