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Crypto friendly US Senator says Bitcoin will not be banned

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Crypto friendly US Senator says Bitcoin will not be banned 2

Cynthia Lummis shared her stance on Michael Saylor’ Bitcoin discussions and confirmed that Bitcoin will stay here. 

Cynthia Lummis is a crypto-friendly political leader. She is US Senator from Wyoming. In the past, She worked on huge types of legislation-based works, and also she passed huge numbers of statements in favor of the crypto Industry, under critical situations, where high-level crypto supportive statements were needed significantly. Cynthia is one of the biggest proponents of Bitcoin.

On 8 June, Cynthia quoted the video tweet of an interview of Micheal Saylor, CEO of business intelligence firm Microstrategy, who said that people are now understanding the real value of Bitcoin.

In response to that interview video, Crypto friendly senator said that there is no room where we can consider crypto ban-like things but at the same time she noted that there are some significant challenges for the same.

“I don’t want to understate how tough the road is ahead for our bill but I do agree that America has crossed the ‘chasm’ of ‘is this real’ (yes) and ‘will it be banned’ (no). The questions/challenges are different now.”

Cynthia Lummis is also working on a separate crypto regulatory bill to bring better clarity on the crypto-related services and also on crypto-related regulatory frameworks, which is the most required thing for the majority of crypto companies.

Bitcoin proponent Micheal Saylor

Microstrategy CEO Micheal Saylor is a popular personality in the crypto industry. He is popularly known as a Bitcoin maximalist. Under his leadership, his company MicroStrategy continuously added Bitcoin to its balance sheet. Right now Microstrategy holds more than 1,25,000 Bitcoins.

In the latest interview, Micheal acknowledged that Bitcoin awareness is continuously increasing among the population, and also Bitcoin is central to the U.S. financial future.

Microstrategy CEO also noted that there are huge expectations that government will introduce a better interactive regulatory framework for the crypto industry.

Read also: “digital assets payment ban” bill introduces in the Russian parliament

Crypto friendly US Senator says Bitcoin will not be banned

 

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