US Senator Cynthia Lummis, a prominent supporter of Bitcoin and cryptocurrencies, recently discussed Bitcoin and digital asset policies. In an interview with Fox Business, Lummis emphasized the importance of Americans having freedom over their money. Unlike Central Bank Digital Currencies (CBDCs), which she opposes due to concerns about government surveillance, Lummis believes that Bitcoin has the potential to strengthen the US Dollar as a reserve asset.
Lummis stated, “I firmly oppose the implementation of CBDCs, as CBDCs are a tool for government surveillance of the American people. I also advocate for individuals to be allowed to hold and control their own Bitcoin wallets and for financial sovereignty. We want to enable people to have individual wallets for their Bitcoin, so the American people can have unrestricted access to their money.”
Lummis, who is often referred to as the “Crypto Queen” in the Senate, also expressed her optimism about the future of Bitcoin and digital assets. As someone who bought her first Bitcoin in 2013, she believes that Bitcoin and digital assets will continue to gain prominence in the financial system.
It’s important to note that the information provided in this article is not investment advice. If you’re interested in investing in cryptocurrencies, you can consider registering with Binance exchange, which offers a wide range of cryptocurrencies and a 20% commission discount.
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