Cynthia Lummis is one of the few crypto-friendly American politicians. Since the advent of this market, it has been pushing for a strict regulatory framework. Showing a particular preference for Bitcoin, the senator still believes in the potential of crypto (despite the many scandals). According to her, bitcoin should be included in the 401K retirement plans of the United States.
“Bitcoin differs from other crypto”, says Cynthia Lummis
Despite recent events, Cynthia Lummis particularly believes in the value of Bitcoin. She even predicts an increase in the price of this crypto for the coming months. “I personally believe that because there will only be 21 million bitcoins mined, Bitcoin will go up,” she explained while emphasizing that this is just a “personal belief, based solely on the scarcity” of bitcoin.
“I’m very comfortable making sure people can include Bitcoin in their retirement funds, because it’s just different from other cryptocurrencies.” This was stated by the American senator during a interview granted to Semafor on December 12.
A new attempt in January 2023
Convinced that bitcoin should be included in US pension plans, Cynthia Lummis intends to submit again his bill. As she explained, the latter will have some minor changes that take into account the latest crypto events.
Still in this same approach, the American senator is considering a meeting as well as more in-depth discussions with the SEC. Indeed, she agrees with the opinions of her colleagues: the crypto market must be subject to clear and strict regulations.
“I would like individuals to be able to use bitcoin and cryptocurrencies of their choice that are safe, that have met the hurdles of anti-money laundering and bank secrecy law,” she said. underline.
YES ! Cynthia Lummis remains crypto-friendly. Nevertheless, her speech on retirement plans differs somewhat from that announced in May 2021. Previously favorable to all crypto assets, the American senator now prefers to focus more on Bitcoin. A completely understandable opinion given the many scandals that weigh on the crypto market.
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