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United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday. The disclosure was part of the Stop Trading on Congressional Knowledge Act, or STOCK Act, which prohibits the use of non-public
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The senator previously served eight years as Wyoming’s state treasurer and told CryptoX last year that during her time as treasurer she had always been looking for “something that was a good store-of-value.” Her son-in-law and his friends helped educate the senator about bitcoin’s potential as a store-of-value, she said,
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The two largest stablecoin issuers – Circle and Tether – have revealed that their products were backed by a combination of cash, cash-like products, short-term securities and commercial paper. In attestations published earlier this year, Tether executives announced that roughly half of Tether’s reserves are held in commercial paper, while
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As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s crypto-friendly notion comes into light as the state has passed
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Cynthia Lummis, Wyoming’s incoming U.S. senator, said in an interview Tuesday the key items on her agenda include working to reduce government debt and explaining bitcoin (BTC) to her colleagues when she is sworn in early next year. Speaking to Fox News, Lummis, a Republican and a former member of the
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