Cynthia Lummis is the first woman to represent the state of Wyoming in the US Senate. She’s a member of the Republican Party and was sworn into the United States Senate on January 3rd, 2021.
She’s become a well-known commentator on Bitcoin and other cryptocurrencies and has said that she is working towards educating other Senate members and officials on their merits. Now, she’s also on the Senate Banking Committee.
Senator Lummis on the Senate Banking Committee
Senator Cynthia Lummis is going to be serving on the US Senate Banking Committee.
… These committees oversee issues that are very important to Wyoming, like rural broadband, public lands, and financial innovation. Let’s get to work! – she tweeted hours ago from her official Twitter account.
Interestingly enough, Senator Lummis recently appeared on the popular Pomp Podcast hosted by Anthony Pompliano to discuss everything crypto-related, ranging from her passion for Bitcoin to her ideas on how to educate Senate on the matter.
Commenting on the matter, she said:
I want to reach out to the people who are listening to your podcast to help with this. We’re forming a financial innovations caucus in the Senate. We hope to use it as a springboard to educate members of the U.S. Senate and their staff about Bitcoin specifically, other opportunities in cryptocurrencies, financial innovation, and blockchain.
A Step Forward for the Entire Industry
It goes without saying that Lummis becoming a Senator was a step forward for the entire cryptocurrency industry and her becoming a member of the Senate Banking Committee is also undeniably favorable.
As CryptoPotato reported earlier in November 2020, Senator Lummis is a Bitcoin holder since 2013, and she is determined to put the cryptocurrency at the forefront of the country’s political debate.
Our own currency inflates; bitcoin does not. 21 million bitcoin will be mined and that’s it. It’s a finite supply, so I have confidence that this is going to be an important player in the stores of value for a long time to come. – She said.
In another appearance, this time on Peter McCormack’s podcast called What Bitcoin Did, the senator said that most government officials fear the cryptocurrency mostly because they don’t understand it. Apparently, that’s what she’s trying to change.
Featured image courtesy of Lummis.Senate.gov