US Senator Cynthia Lummis: Bitcoin Can Strengthen the Dollar
Senator Cynthia Lummis, known for her crypto advocacy, has stated that Bitcoin can help strengthen the US dollar.
She emphasized the importance of Bitcoin self-custody, arguing that it allows individuals to have sovereignty over their own money. Lummis believes that government reserves of Bitcoin can help the dollar remain strong, especially as the US faces geopolitical efforts to weaken it.
She has also been vocal in her opposition to central bank digital currencies, which she sees as a potential surveillance tool.
Lummis’ statements come at a time when the US dollar is facing increased pressure from de-dollarization efforts by the BRICS economic alliance and the looming debt crisis. Bitcoin, with its recent surge in value, has become a central talking point in the upcoming Presidential election.
Here are some key points from her statements:
- Bitcoin can help strengthen the US dollar.
- Government Bitcoin reserves can play a role in this.
- She opposes retail central bank digital currencies, citing surveillance concerns.
- She emphasizes the importance of Bitcoin self-custody for individual financial sovereignty.
It remains to be seen how Bitcoin will be incorporated into US economic policy, but Lummis’ advocacy for the asset is likely to continue to shape the debate.
