US Senator Says ‘Bitcoin Can’t Be Stopped’ Due to Debt and Inflation Concerns – Regulation Bitcoin News

US Senator Cynthia Lumis says she likes that Bitcoin cannot be stopped and governments cannot confiscate cryptocurrencies. “I am really relieved to know Bitcoin is out there,” she said, citing her concerns about national debt and inflation.

US Senator: Bitcoin Is Something Government Can’t Take

US Senator Cynthia Ramis (R-Wyoming) talked about Bitcoin in an interview with hard money’s Natalie Brunel published last week.

Discussing the merits of Bitcoin, including how the cryptocurrency is unstoppable, a Wyoming senator said:

I love being unstoppable, especially since I’m worried about the national debt. I worry about inflation.

She continues: They go to food banks for food. ”

The senator further elaborated: Second, you need to look at the assets out there for the long term. ’” she said.

That’s why I’m actually relieved to know Bitcoin is out there.

She further explained that in countries where the government is unstable, it can take people’s homes and property away.

Bitcoin is something the government cannot take.

“For foreigners living in very unsafe places, it’s definitely a backstop where you can sleep comfortably at night and know it’s there in the morning,” the senator said. said.

Wyoming Senators introduced a crypto bill titled “Lumith Gillibrand Responsible Financial Innovation Act” in June with Sen. Kirsten Gillibrand (D-New York).

Lumis, who provides an update on the bill, said: “This is a very comprehensive law, and perhaps too comprehensive given the time left until 2022 for the bill to be passed. ‘ explained. She added: We want people to provide additional opinions, ideas, and thoughts. ”

What do you think of Senator Cynthia Ramis’ comments? Let us know in the comments section below.

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