• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Digital Ruble

    Digital Ruble could be prone to fraud – ARD

    Gemini to sub-custody new Bitcoin ETF filed in Canada

    Gemini to sub-custody new Bitcoin ETF filed in Canada

    Institutional investors

    Increased institutional investors needed to stabilize crypto market volatility – Goldman Sachs

    Litecoin price prediction LTC to retest $180, analyst

    Litecoin price prediction: LTC to retest $180, analyst

    Crypto market

    Crypto market dip continues as BTC whales increase their holdings

    MicroBT is planning a US IPO

    Report: Chinese MicroBT is planning a US IPO

    More financial advisors in the US are allocating to crypto

    Survey: Nearly 50% more US financial advisors allocated to crypto in 2020

    Ripple price prediction XRP to $0.23, analyst

    Ripple price prediction: XRP to $0.23, analyst

    DarkMarket has been shut down

    DarkMarket: Global authorities collectively shut down largest illegal marketplace

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Digital Ruble

    Digital Ruble could be prone to fraud – ARD

    Gemini to sub-custody new Bitcoin ETF filed in Canada

    Gemini to sub-custody new Bitcoin ETF filed in Canada

    Institutional investors

    Increased institutional investors needed to stabilize crypto market volatility – Goldman Sachs

    Litecoin price prediction LTC to retest $180, analyst

    Litecoin price prediction: LTC to retest $180, analyst

    Crypto market

    Crypto market dip continues as BTC whales increase their holdings

    MicroBT is planning a US IPO

    Report: Chinese MicroBT is planning a US IPO

    More financial advisors in the US are allocating to crypto

    Survey: Nearly 50% more US financial advisors allocated to crypto in 2020

    Ripple price prediction XRP to $0.23, analyst

    Ripple price prediction: XRP to $0.23, analyst

    DarkMarket has been shut down

    DarkMarket: Global authorities collectively shut down largest illegal marketplace

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

US Senator-elect, Cynthia Lummis, committed to promoting Bitcoin among authorities

Muhaimin Olowoporoku by Muhaimin Olowoporoku
December 14, 2020
in Bitcoin News
2 min read
US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Wyoming senator-elect set to promote Bitcoin in government
  • Says Bitcoin is a backstop to every government in the world

Cynthia Lummis, a US Senator-elect for Wyoming has stated her commitment to promoing Bitcoin among government officials and authorities in the US.

RelatedPosts

Gemini to sub-custody new Bitcoin ETF filed in Canada

Bitcoin price prediction: BTC to $30000 in H&S, analyst

Programmer admits losing his Bitcoin portfolio worth over $200 million

Bitcoin faces uncertainty of “tapering”, hints Fed Chair

“I really want to use my time in the U.S. Senate in part to help introduce the topic of Bitcoin,” she said.

According to the first wyoming female senator,Lummis said that Bitcoin would remain and rescue the economy when the fiat system fails.

The US Senator-elect made her commitment to Bitcoin known in a podcast with Peter McCormack. She discussed the topic “What Bitcoin Did” alongside the host.

According to her, 2020 was a bad year generally for the global economy, and for the US, compensating citizens for the COVID-19 was another real-time difficulty for the economy. She uses the scenario to emphasize the importance of Bitcoin stating that if the traditional system collapses, Bitcoin will become vital.

She said Bitcoin is a backstop to every government in the world. Lummis emphasized that the black swan event occurs with fiat currencies when the government has overspent. Such events are not feasible in a Bitcoin grounded economy.

Lumis, US Senator elect compares Bitcoin with Fiat

Lumis noted that fiat unike Bitcoin and its consistent supply, the U.S. dollar’s framework inherently includes inflation, making devaluation inevitable.

She said this actions have made the U.S. national debt has further increase in 2020 to around $27 trillion and says there are no plan or strategy in place to the country to pay up.

She notes that more COVID-19 palliative funds are underway and massive amount of cash are being printed. The US Senator-elect pitches Bitcoin as a solution especially when more pandemic spending is still underway.

In addition to a debt solution, the U.S. needs “an alternative path just in case we fail, and I see the alternative path as Bitcoin,” Lummis said.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related Posts

Gemini to sub-custody new Bitcoin ETF filed in Canada
Bitcoin News

Gemini to sub-custody new Bitcoin ETF filed in Canada

January 13, 2021
Bitcoin price prediction BTC to $30000 in H&S, analyst
Bitcoin News

Bitcoin price prediction: BTC to $30000 in H&S, analyst

January 13, 2021
Programmer admits to losing bitcoin portfolio worth over $200 million
Bitcoin News

Programmer admits losing his Bitcoin portfolio worth over $200 million

January 13, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Digital Ruble

Digital Ruble could be prone to fraud – ARD

January 13, 2021
Gemini to sub-custody new Bitcoin ETF filed in Canada

Gemini to sub-custody new Bitcoin ETF filed in Canada

January 13, 2021
Institutional investors

Increased institutional investors needed to stabilize crypto market volatility – Goldman Sachs

January 13, 2021
Litecoin price prediction LTC to retest $180, analyst

Litecoin price prediction: LTC to retest $180, analyst

January 13, 2021
Crypto market

Crypto market dip continues as BTC whales increase their holdings

January 13, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.