During the Bitcoin 2023 event in Miami on May 19, U.S. Republican Sen. Cynthia Lummis of Wyoming spoke with Perianne Boring, the founder and CEO of Chamber of Digital Commerce, about the importance of Bitcoin to U.S. national and energy security, as well as upcoming legislation surrounding cryptocurrency, blockchain, and related technologies.
Lummis emphasized that regulating Bitcoin and related technologies is a national security issue and positioned Bitcoin as a decentralized safety net for citizens. She also expressed her belief that the current challenges surrounding the passing of Bitcoin-friendly bills had more to do with ignorance or a lack of education than concerns grounded in reality.
Lummis and junior New York senator Kristen Gillibrand have drafted a comprehensive cryptocurrency legislative measure, but are waiting to see how a bill introduced in the house relating to stable coins does before introducing their own.
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