Senator Cynthia Lummis seeks to influence change in approach to cryptocurrency regulation
Senator Cynthia Lummis seeks to influence change in approach to cryptocurrency regulation Senator Cynthia Lummis seeks to influence change in approach to cryptocurrency regulation

Famous for her positive attitude towards cryptocurrencies, Senator Cynthia Lummis of Wyoming is trying to convince other members of Congress to change their attitude.

Senator from Wyoming open to cryptocurrencies

In July this year, an article appeared on BitHub: Senator Lummis invites miners to Wyoming. The Senator not only invited cryptocurrency mining companies to relocate to the state of Wyoming, but additionally encouraged them to use natural gas.

So the current attempts to influence members of Congress are further confirmation that Cynthia Lummis is aware of the role that digital assets can play in the future. Not surprisingly, the senator is very popular among cryptocurrency supporters.

Lummis does not hide her satisfaction with the way the state of Wyoming is approaching cryptocurrencies. According to her, it can be considered as an exemplary example of how regulation should be approached. The senator admitted that they have been able to successfully innovate regulations, making them very much ready for the crucial moment to come:

“Had so successfully innovated in this regulatory and legislative space that it was ready for prime time, in a very big way.”

Additionally, the senator, unlike many politicians who criticize cryptocurrencies for being easily exploited by criminals, sees them as something that can be more easily identified than cash in some cases. Cynthia Lummis also hopes that the use of Bitcoin as legal tender will become widespread in the coming years.

It is also worth noting the words of another senator associated with the state of Wyoming. According to Chris Rothfuss, introducing legislation favorable to miners is not only an opportunity to acquire an alternative store of value, but also new technologies. What’s more, he explains the pro-crypto-currency approach that the entire state is famous for by saying that it was necessary to do something that didn’t depend on coal, oil and gas, which are increasingly weak industries:

“We needed to do something that didn’t depend on coal, oil, and gas-thosewere industries that were waning.”