On Thursday, Lummis, a member of the Banking, Housing and Urban Affairs Committee, stated on Twitter that the cryptocurrency had fantastic possible for savers and explained it as an “appreciating (or at least stable) asset.”” Congress lack of fiscal discipline is largely responsible for debasing our currency,” she added.Lummis in January became the very first incoming senator to hold bitcoin. At the time, she said she planned to hold her investment for the long term. Lummis told Yahoo Finance Wyoming was an excellent location for cryptocurrency holders like Tesla because it had “special depository financial institutions that were produced specifically to negotiate business and hold deposits in bitcoin.”.

On February 8, after Teslas statement, Lummis sent out an invite to Musk through Twitter.

She added: “We desire to make sure that we have a place for individuals who comprehend the advantages of Bitcoin to locate their organization.” Read more: The CIO of a $700 million crypto property manager breaks down why Elon Musks gradual acceptance of bitcoin suggests the digital currency has space to run– and shares why its launching an over-the-counter fund