US Senator Cynthia Lummis from Wyoming said she keeps bitcoins to secure future retirement and urged fellow citizens to follow her example.
According to the senator, Bitcoin is great for long-term and retirement savings. Lammis said that she currently owns five BTC, and she bought the first bitcoin for another $ 330. She encourages Americans to buy and store bitcoins to ensure their old age.
“I am concerned that all of our pension funds are denominated in US dollars. To diversify, you need to use a wide variety of assets so as not to store all your eggs in one basket. And bitcoin is one of the most reliable store of value in the long term, ”said Lammis.
At the same time, only bitcoin is in the senator’s cryptocurrency portfolio, since she “really understands” only the first cryptocurrency. But she admits that Bitcoin is not the only useful cryptocurrency. So, according to Lummis, Ethereum has its advantages.
The senator said she hopes to help create a regulatory framework for cryptocurrencies in the United States so that such assets can be in the long-term portfolio of any investor. In addition, with proper regulation, bitcoin can be used as a medium of exchange. Lammis emphasized:
“I would like pension funds to invest in bitcoin and other cryptocurrencies that are good store of value. I would also like people to be able to use bitcoin and other cryptocurrencies while still being protected by anti-money laundering and banking laws. ”
She noted that this can be a very difficult task, as innovation in the cryptocurrency industry is extremely rapid.
“We would not want to overly or differently regulate traditional banking and services with non-fiat currencies, as we want them to have a level playing field for development,” the senator said.
Recall that in February, Cynthia Lammis participated in the organization of the Financial Innovation Forum, the purpose of which was to raise awareness of the authorities about digital assets.
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