{"id":67642,"date":"2022-10-03T09:00:50","date_gmt":"2022-10-03T09:00:50","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=67642"},"modified":"2022-10-03T09:00:50","modified_gmt":"2022-10-03T09:00:50","slug":"us-senator-says-i-love-that-bitcoin-cant-be-stopped-citing-concerns-about-national-debt-and-inflation","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=67642","title":{"rendered":"US Senator Says \u2018I Love That Bitcoin Can\u2019t Be Stopped\u2019 Citing Concerns About National Debt and Inflation"},"content":{"rendered":"

\"US<\/p>\n

U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. \u201cIt\u2019s actually comforting to know that bitcoin is there,\u201d she said, citing concerns about the national debt and inflation.
<\/strong><\/p>\n

U.S. Senator: Bitcoin Is Something Governments Cannot Take<\/h2>\n

U.S. Senator Cynthia Lummis (R-WY) talked about bitcoin in an interview<\/a> with Hard Money\u2019s Natalie Brunell, published last week.<\/p>\n

Discussing the merits of bitcoin, including how the cryptocurrency cannot be stopped, the senator from Wyoming said:<\/p>\n

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I love that it can\u2019t be stopped especially because I\u2019m concerned about our national debt. I\u2019m concerned about inflation.<\/p>\n<\/blockquote>\n

She continued: \u201cI see people in my home state of Wyoming that are going to food banks now because they need fuel, they need gasoline, to get to their jobs, and they have to choose now between high-priced gasoline and food so they are going to food banks for their food.\u201d<\/p>\n

The senator further detailed: \u201cSo when we see things that are inflationary, when we see the value of a dollar drop when you go to the grocery store and you come out with one sack of food and used to for the same price come out with two, we really need to look at assets that are going to be there for the long term.\u201d She noted:<\/p>\n

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That\u2019s why to me it\u2019s actually comforting to know that bitcoin is there.<\/p>\n<\/blockquote>\n

She further explained that in some countries where the government is unstable, it can come to take people\u2019s homes and property. The senator stressed:<\/p>\n

\n

Bitcoin is something the government cannot take.<\/p>\n<\/blockquote>\n

\u201cFor people in foreign countries that are living in places that are very insecure, that is definitely a backstop and something that they can comfortably go to bed at night and know it\u2019s going to be there in the morning,\u201d the senator opined.<\/p>\n

The senator from Wyoming introduced a crypto bill<\/a> titled \u201cLummis-Gillibrand Responsible Financial Innovation Act\u201d in June with Senator Kirsten Gillibrand (D-NY).<\/p>\n

Providing an update on the bill, Lummis described, \u201cthis is a very comprehensive piece of legislation, probably too comprehensive given the time remaining in 2022 for the bill to pass.\u201d She added: \u201cBut what that does is give us more time to get more input on the bill, and we want to embrace that. We want people to provide additional input and ideas and thoughts.\u201d<\/p>\n

What do you think about the comments by Senator Cynthia Lummis? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. \u201cIt\u2019s actually comforting to know that bitcoin is there,\u201d she said, citing concerns about the national debt and inflation. U.S. Senator: Bitcoin Is Something Governments Cannot Take U.S. Senator Cynthia Lummis (R-WY) talked about bitcoin […]<\/p>\n","protected":false},"author":2,"featured_media":67643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-67642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67642"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/67643"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}