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Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin

A bitcoin hodler has gained a U.S. Senate seat. Cynthia Lummis is a bitcoin proprietor who purchased her first bitcoin in 2013 as a result of she believes in the financial energy of shortage and the potential for bitcoin to tackle among the manipulations in the monetary system.

Bitcoiner Wins Senate Election

Republican candidate Cynthia Lummis has been working to fill the seat of Senator Mike Enzi (R). Lummis, who served as a Wyoming conservative Republican in the U.S. Home of Representatives for eight years, will change into the primary girl to characterize Wyoming in the U.S. Senate. With the endorsement of President Donald Trump, she has been working in opposition to her Democratic opponent Merav Ben-David.

Whereas election outcomes are nonetheless being finalized, the Related Press known as Tuesday’s election in her favor inside three minutes of polls closing in Wyoming.

Lummis lately revealed in the course of the third annual Wyoming Blockchain Stampede that she is a bitcoin hodler after she discovered concerning the cryptocurrency whereas serving in Congress. “I purchased my first bitcoin in 2013 as a result of I consider in the financial energy of shortage and the potential for bitcoin to tackle among the manipulations in our monetary system,” she mentioned.

“Now I’m a hodler and I hodl as a result of, like gold, I would like to protect the relative worth of my labor over time,” she revealed. “I used to be struck by how progressive bitcoin is with its decentralized public ledger and a set provide.”

Bitcoin advocate Caitlin Lengthy tweeted in response to Lummis profitable the Senate race: “Superior information for crypto of us from the loopy US election tonight. Cynthia Lummis gained Wyoming’s US Senate seat. The U.S. Senate now has an unabashed bitcoin supporter & hodler (since 2013) amongst its ranks.”

Lengthy is the CEO of Avanti Financial institution & Belief which acquired a banking constitution final week in Wyoming. The financial institution was “shaped to function a compliant bridge between digital property and the U.S. greenback funds,” its web site particulars. “Senator Lummis,” Lengthy opined. “She is probably going to be one of the crucial highly effective US senators, given how divided the brand new senate seems to be. She loves what Wyoming did in crypto — publicly mentioned tonight that she desires to defend it in opposition to federal encroachment.”

What do you concentrate on a bitcoin hodler in the Senate? Tell us in the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Cynthia Lummis

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