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<ul class="news-points">
 <li>Senator Cynthia Lummis plans to restore the dollar’s dominance via Bitcoin integration.</li>
 <li>Lummis plans to put a stop to the plans for a central bank digital currency.</li>
 <li>The senator also supported self-custody Bitcoin wallets.</li>
</ul>
Senator Cynthia Lummis of Wyoming has unveiled her plans for integrating Bitcoin into the U.S. financial system and opposing central bank digital currencies (CBDCs).
In a Fox Business <a href="https://x.com/senlummis/status/1811747346172248262" target="_blank" rel="noopener noreferrer nofollow">interview</a> on July 12, Lummis, a long-time crypto advocate, emphasized her goal of restoring the dollar’s dominance in the digital age.
In the interview, Lummis, known as the Crypto Queen, revealed that there are plans to integrate Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, into the United States financial system and reinforce the US dollar’s dominance in the 21st century. The senator asserted that having Bitcoin in reserve “can help the US dollar remain strong.”
Further, she criticized retail CBDCs and warned that a digital dollar would erode Americans’ privacy, adding:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “No central bank digital currency – I’m so happy about that cause that’s a means of surveillance of the American people.”
</blockquote>
Lummis al…
The post <a href="https://coinedition.com/how-cynthia-lummis-plans-to-integrate-bitcoin-and-strengthen-the-us-dollar/" rel="noopener noreferrer nofollow">How Cynthia Lummis Plans to Integrate Bitcoin and Strengthen the US Dollar</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

How Cynthia Lummis Plans to Integrate Bitcoin and Strengthen the US Dollar

Coin Edition

Ďalšie články zverejnené 13. 7. 2024

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