Cynthia Lummis, a Republican, became not only the first woman to represent Wyoming in the United States Senate, but also one of the few senior Bitcoin supporters in that chamber.
The victory of the candidate backed by incumbent U.S. President Donald Trump in the Senate race was reported on Wednesday, November 4. As noted by Wyoming Public Radio, Lummis became the first Wyoming woman to sit in the Senate.
It’s about time for me to call it a night but I just want to say thank you, Wyoming. 🙏
I am humbled and honored by your votes.
The work begins now. I am ready to wake up with gratitude and work tirelessly for this incredible state and to protect our way of life. pic.twitter.com/G53yynmsbY
— Cynthia Lummis (@CynthiaMLummis) November 4, 2020
In addition, she has not hidden her fondness for Bitcoin, which she sees as an attractive store of value, and she points to its most notable virtue: a limited supply.
Cynthia Lummis participated in the recent Wyoming Blockchain Stampede conference, where she said she first bought cryptocurrency in 2013, when one coin cost $300. She learned about the new technology from her son-in-law, the chief product officer at Unchained Capital, a digital asset management firm.
She also stressed that she has long been concerned by the Federal Reserve’s quantitative easing program and the future of the U.S. economy, threatened by a huge national debt.
One of the first to congratulate Lummis on her victory was Caitlin Long, one of the leading advocates for the cryptocurrency industry in Wyoming.
AWESOME NEWS for #crypto folks from the crazy US election tonight—@CynthiaLummis won #Wyoming’s US Senate seat!! The US Senate now has an unabashed #bitcoin supporter & HODLer (since 2013) among its ranks!! CONGRATS Cynthia! @willcole @CynthiaMLummis 🤠🚀🔥 pic.twitter.com/8SCF9pkRSg
— Caitlin Long 🔑 (@CaitlinLong_) November 4, 2020
Former Morgan Stanley managing director and former head of the startup Symbiont, Caitlin Long leads Avanti, the crypto-bank which in October received official status as a financial institution.
Earlier this year, the same status was granted to the Bitcoin exchange Kraken.
Back in January 2019, Wyoming passed the Digital Assets Act, which treats cryptocurrencies as money.
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