Here's What's 'Accidentally' Boosting Crypto Adoption, According to US Senator Cynthia Lummis.
31 Jul 2021, 08:00
Here’s What’s ‘Accidentally’ Boosting Crypto Adoption, According to US Senator Cynthia Lummis
US Senator Cynthia Lummis of Wyoming says the adoption of cryptocurrencies is being driven primarily by one thing.
Senator Lummis says that a loose fiscal policy is working in favor of cryptocurrencies such as Bitcoin and is an “undesirable way” to popularize the asset class.
“Big [government] spenders are (accidentally) doing far more to accelerate the adoption of digital assets than I am. The debasement of our currency is causing a flight to digital assets like bitcoin that are a store of value.”
But spending America deeper into a hole is a stupid, inflationary & altogether undesirable way to drive [people] to digital assets. I want USD to continue as the reserve currency. We need to reign in spending & support financial innovation on US soil to protect the status of [America].”