Former Republican Congresswoman and Current Bitcoin Hodler, Cynthia Lummis, won a seat in the United States Senate against the democratic hope Merav Ben-David.
According to a Fortune report dated Nov. 4th Lummis belongs to the select group of Bitcoin (BTC) early adopters who first bought the cryptocurrency in 2013 thanks to a tip from his son-in-law Will Cole. Cole has played since December 2019 as Product Director at the blockchain financial services company Unchained Capital.
“Cynthia believes in the philosophy behind Bitcoin, not just that it is a new asset class.” said the founder and CEO of the finance firm Avanti, Caitlin Long. Tweet later than Lummis wants to protect Bitcoin from a “federal invasion”.
Lummis, the defeated Ben-David with 73.1% of the vote will act as legislator from a state that has always had its arms open to institutions that are for cryptocurrencies.
Octopus, a cryptocurrency exchange based in San Francisco, was the first cryptocurrency company to be approved to operate as a bank in the United States by the Wyoming State Banking Board. Last week, Avanti announced that the same board had given him the Unanimous approval to set up a crypto bank under the name Avanti Bank Trust.
The University of Wyoming announced on November 2 that it would be opening a center for blockchain and digital innovation. This will give college students more opportunities to study cryptocurrencies and blockchain technology.
The Republican Senator’s BTC holdings make her one of the few representatives in the United States Congress to own cryptocurrencies. Some representatives, including the Florida Congressman, Darren Soto, personally accept collaborations in cryptocurrencies, Meanwhile he The Political Action Committee of the Digital Chamber of Commerce launched an initiative in October to donate US $ 50 to BTC for congressional candidates to raise awareness and encourage the use of cryptocurrencies.
Bitcoin was one of the top five cryptocurrencies in October. Will November be the same?
Lummis was the sole Congressional District representative for the state of Wyoming from 2009 to 2017. He will replace outgoing Republican Senator Mike Enzi.