In her appearance on Bitcoin Talk, US Senator Cynthia Lummis expressed her support for Bitcoin and the opportunities it offers her country.
She was moderated by a panel entitled “Bringing Bitcoin Innovation Home to America” and was accompanied by Warren Davidson, with whom she works closely.
In her speech, the senator pointed out that the digital asset, considered the largest cryptocurrency by market capitalization, came at the right time and can help prop up the US dollar.
Concerned about dollar pressure
During her talk, Lummis expressed concern about the speed at which the US dollar was being printed and said that paper money without antidotes was being produced all the time.
The official added that the fast speed of money printing exposes the currency to extreme inflationary conditions. Now, Davidson said, this does not reflect the views and values of the United States
“That is demoralizing. And from my point of view, it is anti-American to destroy our currency in this way, ”said Lummis, who was also concerned about the massive $ 28 billion that had been spent.
The crowd seemed to share the same sentiments as they applauded Lummis after their testimony.
Bitcoin and the fight to save the greenback
Talking about continuing to fight to save the mighty US dollar, Lummis said she was glad Bitcoin had come as it could underpin the currency and help secure paper currencies that would eventually be printed.
“If we get completely out of hand, Bitcoin can be there. It will be the standard, ”said the senator, who always loudly emphasized her support for the leading cryptocurrency.
Lummis recently announced that she owns at least five bitcoins and planned to hold them for the long term.
Image courtesy of Cointelegraph News / YouTube
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