Bitcoin buyer: Senator Lummis fills up
Republican Senator from Wyoming Cynthia Lummis has long been a Bitcoin fan, and a disclosure filed Thursday shows she recovered up to $ 100,000 in cryptocurrency in a transaction over the summer.
The record indicates that Lummis made a purchase between $ 50,001 and $ 100,000 from the Bitcoin River Financial exchange on August 18, when the digital currency was around $ 45,000 per coin. The price today is almost $ 55,000.
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The New York Post noted that Lummis’ August purchase of Bitcoin took place less than two weeks after she joined two other senators in trying to include an amendment in the infrastructure bill. which was considered favorable to the crypto industry, but the attempt to narrow the definition of who is a cryptocurrency broker was not included.
Lummis has made no secret of his interest in crafting pro-crypto legislation. As recently as last week, she tweeted: “Hi friends. Question: For the ‘single issue voters’ of #bitcoin and digital assets, what is your # 1 policy priority?”
The disclosure filed by the Wyoming Republican was also submitted after the 45-day deadline required by the Congressional Knowledge Trade Stop Act, but a spokesperson for Lummis told the Post the delay was due. to “a classification error”.
“Once we realized it, we worked with the ethics committee to fix it,” the spokesperson said. “It was an honest mistake, and the problem was solved without penalty.”
Lummis was a Bitcoin cheerleader during her time in Congress and was even invited to the Bitcoin 2021 conference in June.
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She told the public in an interview that she got into Bitcoin after serving as Wyoming State Treasurer because she “was looking for large stores of value.” Lummis said she has become a “real advocate” for cryptocurrency.