Bank

Boost

Bitcoin

US Senator Cynthia Lummis believes that holding Bitcoin reserves could help keep the US dollar strong worldwide. 
In a Fox Business interview, Lummis shared her thoughts on Central Bank Digital Currencies (CBDCs), calling them “the beast” because she thinks they would allow the government to spy on people. She encourages people to own and manage their own Bitcoin wallets to have full control over their money. 
Senator Lummis, known as the ‘Crypto Queen’ in Congress, is a strong supporter of cryptocurrencies. In the interview, she stressed the importance of people having their own Bitcoin wallets to always have access to their money. Lummis believes that adding Bitcoin to the US economy could make the dollar even stronger. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin and digital assets are the future.&nbsp;Here’s my agenda: ✅&nbsp;No&nbsp;retail&nbsp;Central Bank Digital Currencies ✅Clear protections for self-custody Bitcoin wallets ✅Restore Dollar Dominance for the 21st&nbsp;Century <a href="https://t.co/yEy9tcxU5b" target="_blank">pic.twitter.com/yEy9tcxU5b</a>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1811747346172248262?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 12, 2024</a>
 </blockquote> 
 </div>
</figure> 
Lummis shared her goals on the X platform, which include opposing retail CBDCs, protecting self-managed Bitcoin wallets, and ensuring the dollar remains dominant in the 21st century. Her pro-Bitcoin views contrast with current unclear regulatory policies that crypto leaders criticize. 
This perspective is similar to that of MicroStrategy chair Michael Saylor, who also supports a Bitcoin-backed dollar. He believes such a currency would protect American privacy and property rights while strengthening the dollar. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read: <a href="https://www.cryptotimes.io/2024/06/01/bidens-veto-on-sab-121-sparks-criticism-from-sen-lummis/">Biden’s Crypto Veto Sparks Criticism from Sen. Lummis</a> 
</blockquote>

Bitcoin Can Boost US Dollar Strength: Senator Lummis

The Crypto Times

Các bài viết khác được xuất bản trên 13 thg 7, 2024

Just-In: Justin Sun Discloses TRON Q3 and Q4 Plans, Here’s All

SEC Ends Hiro Systems Probe With No Enforcement Action

Bitcoin ETFs: BlackRock and Fidelity’s $28 Billion Bet on the Future

Understanding Blockchain Networks and Nodes

Ethereum ETF Launch: Analyst Predicts ETH Could Mirror Bitcoin’s 200% Surge

New Solana Memecoin Trump the Felon Surges 13,000% and Will Rally Another 18,000% Before CEX Listing

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!