US Senator highlights factor accelerating crypto adoption

by in Cryptocurrency News

Cynthia Lummis

Wyoming Senator Cynthia Lummis is widely known as a supporter of the cryptocurrency industry. She recently admitted that she managed to take advantage of the market decline and bought bitcoins.

Moreover, the senator did not rule out that if soon BTC starts to fall in price again, then she is ready to purchase another batch of cryptocurrency.

Cynthia Lummis tweeted this week, pointing out one of the key drivers accelerating the adoption of digital currencies around the world.

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In her opinion, the dollar is losing ground globally, and people are starting to look for an alternative. In this regard, Bitcoin and other cryptocurrencies are the most attractive tools.

At the same time, Lummis opposed the “American” losing its reserve currency status. According to her, the stability of the financial sector will be supported by maintaining the dollar as the world’s leading asset. However, Washington needs to focus on innovation.

The senator is also known for calling on previously Chinese miners to place their farms in Wyoming. Bitcoin has enormous potential, and the US authorities should not hinder the development of this technology, the politician said.