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A bitcoin hodler won a seat in the US Senate. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to deal with some of the manipulations of the financial system.
Bitcoiner wins the Senate elections
Republican candidate Cynthia Lummis raced to fill the seat of Senator Mike Enzi (R). Lummis, who served as a Conservative Republican of Wyoming in the United States House of Representatives for eight years, will become the first woman to represent Wyoming in the United States Senate. With the approval of President Donald Trump, he raced against his Democratic opponent Merav Ben-David.
While the election results are still being finalized, the Associated Press called Tuesday’s election in his favor within three minutes of the Wyoming polls closing.
Lummis recently revealed during the third edition of the Wyoming Blockchain Stampede that she is a bitcoin seller after learning about the cryptocurrency while serving in Congress. “I bought my first bitcoin in 2013 because I believe in the economic power of scarcity and the potential for bitcoin to deal with some of the manipulations in our financial system,” he said.
“Now I’m a hodler and hodl because, like gold, I want to preserve the relative value of my work over time,” he revealed. “I was struck by how innovative bitcoin is with its decentralized public ledger and fixed offering.”
Bitcoin attorney Caitlin Long tweeted in response to Lummis’ victory in the Senate race: “Fantastic news for the cryptographic people from tonight’s crazy US election. Cynthia Lummis won the seat in the United States Senate from Wyoming. The US Senate now has a cheeky bitcoin and hodler supporter in its ranks (since 2013). “
Long is the CEO of Avanti Bank & Trust who received a bank card in Wyoming last week. The bank was “formed to act as a compliant bridge between digital assets and US dollar payments,” explains its website. “Senator Lummis,” Long said. “He is likely to be one of the most powerful senators in the United States, given how divided the new Senate appears to be. He loves what Wyoming did in cryptocurrency – he said publicly tonight that he wants to defend it from federal invasion. “
What do you think of a bitcoin hodler in the Senate? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Cynthia Lummis
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