{"id":31250,"date":"2020-11-04T15:13:35","date_gmt":"2020-11-04T13:13:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31250"},"modified":"2025-08-28T02:44:41","modified_gmt":"2025-08-27T23:44:41","slug":"wyoming-bitcoin-advocate-wins-a-seat-in-the-u-s-senate","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wyoming-bitcoin-advocate-wins-a-seat-in-the-u-s-senate\/","title":{"rendered":"Wyoming bitcoin advocate wins a seat in the U.S. Senate."},"content":{"rendered":"<p>Cynthia Lummis, a Republican, became not only the first woman to represent Wyoming in the United States Senate, but also one of the few senior Bitcoin supporters in that chamber.<\/p>\n<p><!--more--><\/p>\n<p>The victory of the candidate backed by incumbent U.S. President Donald Trump in the Senate race was reported on Wednesday, November 4. As noted by <a href=\"https:\/\/www.wyomingpublicmedia.org\/post\/cynthia-lummis-becomes-first-woman-win-wyoming-senate-seat#stream\/0\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Wyoming Public Radio<\/a>, Lummis became the first Wyoming woman to sit in the Senate.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">It\u2019s about time for me to call it a night but I just want to say thank you, Wyoming. \ud83d\ude4f<\/p>\n<p>I am humbled and honored by your votes.<\/p>\n<p>The work begins now. I am ready to wake up with gratitude and work tirelessly for this incredible state and to protect our way of life. <a href=\"https:\/\/t.co\/G53yynmsbY\">pic.twitter.com\/G53yynmsbY<\/a><\/p>\n<p>\u2014 Cynthia Lummis (@CynthiaMLummis) <a href=\"https:\/\/twitter.com\/CynthiaMLummis\/status\/1323888770148671489?ref_src=twsrc%5Etfw\">November 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition, she has not hidden her fondness for Bitcoin, which she sees as an attractive store of value, and she points to its most notable virtue: a limited supply.<\/p>\n<p>Cynthia Lummis participated in the recent Wyoming Blockchain Stampede conference, where she said she first bought cryptocurrency in 2013, when one coin cost $300. She learned about the new technology from her son-in-law, the chief product officer at Unchained Capital, a digital asset management firm.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/LqEct2F1shE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>She also stressed that she has long been concerned by the Federal Reserve&#8217;s quantitative easing program and the future of the U.S. economy, threatened by a huge national debt.<\/p>\n<p>One of the first to congratulate Lummis on her victory was Caitlin Long, one of the leading advocates for the cryptocurrency industry in Wyoming.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">AWESOME NEWS for <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> folks from the crazy US election tonight\u2014<a href=\"https:\/\/twitter.com\/CynthiaLummis?ref_src=twsrc%5Etfw\">@CynthiaLummis<\/a> won <a href=\"https:\/\/twitter.com\/hashtag\/Wyoming?src=hash&#038;ref_src=twsrc%5Etfw\">#Wyoming<\/a>\u2019s US Senate seat!! The US Senate now has an unabashed <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> supporter &#038; HODLer (since 2013) among its ranks!! CONGRATS Cynthia! <a href=\"https:\/\/twitter.com\/willcole?ref_src=twsrc%5Etfw\">@willcole<\/a> <a href=\"https:\/\/twitter.com\/CynthiaMLummis?ref_src=twsrc%5Etfw\">@CynthiaMLummis<\/a> \ud83e\udd20\ud83d\ude80\ud83d\udd25 <a href=\"https:\/\/t.co\/8SCF9pkRSg\">pic.twitter.com\/8SCF9pkRSg<\/a><\/p>\n<p>\u2014 Caitlin Long \ud83d\udd11 (@CaitlinLong_) <a href=\"https:\/\/twitter.com\/CaitlinLong_\/status\/1323811242356690944?ref_src=twsrc%5Etfw\">November 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Former Morgan Stanley managing director and former head of the startup Symbiont, Caitlin Long leads Avanti, the crypto-bank which in October <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-startup-avanti-caitlin-longs-venture-gains-u-s-bank-status\">received<\/a> official status as a financial institution.<\/p>\n<p>Earlier this year, the same status <a href=\"https:\/\/u1f987.com\/en\/news\/kraken-becomes-the-first-us-crypto-exchange-to-obtain-spdi-status\">was granted<\/a> to the Bitcoin exchange Kraken.<\/p>\n<p>Back in January 2019, Wyoming passed the Digital Assets Act, which treats cryptocurrencies as money.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cynthia Lummis, a Republican, became not only the first woman to represent Wyoming in the United States Senate, but also one of the few senior Bitcoin supporters in that chamber.<\/p>\n","protected":false},"author":1,"featured_media":31251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,26],"class_list":["post-31250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31250"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31250\/revisions"}],"predecessor-version":[{"id":31252,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31250\/revisions\/31252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31251"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}