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Bitcoin: new purchases for Senator Lummis

Lummis Bitcoin


In mid-August, US Senator Cynthia Lummis bought more bitcoin.

This was revealed in a report published by the SEC, according to which Lummis bought BTC on 16 August for an unspecified amount of between $50,000 and $100,000.

Senator Lummis has always supported bitcoin

On 16 August, the price of bitcoin fluctuated between $45,700 and $48,000, meaning that the senator would have earned more than 15% to date.

Lummis has been a long-time supporter of bitcoin, and in the past had already stated that she had bought more. However, it is not known how many she has.

US senators with earnings above $119,554 are required to disclose certain financial transactions under the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act). This also includes purchases and sales of stocks, bonds, commodity futures and other securities, if made in transactions over $1,000.

Cynthia Lummis comes from Wyoming

Lummis also previously served as treasurer of the State of Wyoming, and she said that during that time she was always looking for an asset that was a good store of value, without finding it. Her term as treasurer of Wyoming ended in 2007, two years before Bitcoin was created.

Cynthia became interested in Bitcoin in 2013, when its price was $320, thanks to her son-in-law and some friends.

Bitcoin in the United States

The US is increasingly fascinated by Bitcoin and cryptocurrencies.

Investment platform Public, with over 1 million users, is about to add cryptocurrency trading because, it claims, cryptocurrencies are gaining momentum as a compelling asset class.

Public describes itself as a kind of investment “social network” because its users can follow popular traders, share ideas within the community and own fractional shares of stocks and ETFs.

The cryptocurrencies added are bitcoin (BTC), Ether (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), Ethereum Classic (ETC), Dash (DASH) and Zcash (ZEC).

Of Public’s one million users, 90% are first-time investors.

 






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